Rubybit announces energy market forecast
Lubit, a pioneer in the energy price prediction market, today announced the world’s first marketplace dedicated to predictive energy markets. Announced at E-world, Europe’s leading energy trade fair, Lubit launches its global energy forecasting market.
The Rubybit team will be at E-world booth number 4H123.
Register for pre-launch at lubit.com/coming-soon.
Prediction markets have historically focused on one-time events, such as election results or questions like “Will it rain tomorrow?” However, across multiple energy trader forecasting models, Lubit reframes this theory to view the market as an incentivized information gatherer, aggregating it into better predictions about the future direction of the market than any individual could, making iterable predictions applicable to the high-volume, high-complexity, energy world. electricity.
By starting electricity predictions a day in advance, Lubit gives traders a place to compete and profit on their predictions. Compete with incentives for best prediction accuracy.
Democratizing Price Discovery
The very few “synthetic energy markets” that currently exist are approximately 50 times larger than the primary market and are limited by high barriers to entry, including large collateral requirements, complex IT integration, and certification.
Rubybit seeks to bring synthetic prediction markets to global energy.
The platform eliminates the current need for posted collateral, complex master trading agreements and clearinghouse certifications, allowing market access based on analytical skills rather than balance sheet depth.
“We are not launching a trading platform in the traditional sense,” said Kris Ewald, CEO of Lubit and an economist with a background in predictive modeling. “We are building an underlying architecture that allows for crowd-based discovery of price information that has never existed before.” “Building on Hayek’s insight that markets are the ultimate collectors of asymmetric information, Lubit promotes technology based on the ‘wisdom of crowds.’ We are democratizing participation in globally relevant acyclical asset classes by providing a pure-play prediction infrastructure where alpha is generated by technology.”
Market structure and innovation
Rubybit initially focused on the one-hour market. This high-frequency forecast structure creates rapid consensus on price direction and movement, generating data that exceeds the accuracy of traditional analyst consensus. This creates a feedback loop for traders. By purchasing positions, you contribute to predictions and receive high-quality directional signals in return.
The value proposition extends beyond transaction returns. As liquidity is provided to accredited (independent) energy traders, market liquidity itself will generate returns. In the future, even non-experts will be able to contribute to liquidity. Rubybit does not allow secondary trading of derivatives from the beginning.
Strategic launch and capitalization
Driven by a successful global angel investor round, the announcement of the Lubit.com platform coincided with the launch of a €5 million SEED pre-funding round, demonstrating the global relevance of Lubit’s traction. The funds will be used primarily to accelerate launch in global markets through investments in technology, compliance and partnerships.
Introduction to Rubybit
Lubit is a Swiss fintech company that aims to become a global pioneer in compliant predictive energy market infrastructure by licensing its software to independent operators. The company is the first to utilize multi-participant forecasting for recurring energy prices (and subsequent volume) that is not associated with energy options or commodity trading. Lubit has invested heavily in cutting-edge algorithmic architecture (its core assets) and has launched it through licensed partners in compliance with Mifid II regulations.
For more information, please visit https://lubit.com.
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Media Contact: (email protected)
Sign up for beta (non-monetized simulation game): https://lubit.com.
Disclaimer: All product and company names mentioned herein may be trademarks of their registered owners. The information provided in this press release is not an investment recommendation and is not intended as investment advice, financial advice or trading advice. We strongly recommend that you practice due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrencies and securities.
