How CipherG Liquidity prices, sizes and runs a market-making operation in event contracts.https://cipherg.io/en-ushttps://cipherg.io/research/sizing-for-the-jump/https://cipherg.io/research/sizing-for-the-jump/Every event contract ends at 0 or 100, so the loss that matters is the one at resolution. This note explains how we size, net and limit positions with that in mind.Tue, 06 Oct 2026 00:00:00 GMTRiskhttps://cipherg.io/research/what-a-two-cent-spread-pays-for/https://cipherg.io/research/what-a-two-cent-spread-pays-for/The gap between our bid and our offer on a binary contract pays for specific risks and costs. This note explains each one, shows why the same width carries different risk at different prices, and works through a simple example.Tue, 06 Oct 2026 00:00:00 GMTPricinghttps://cipherg.io/research/why-we-publish-our-record/https://cipherg.io/research/why-we-publish-our-record/We trade only our own capital, yet we publish our results. This note explains who the record is for, how we count open positions and the lifetime result, and which words we avoid.Tue, 06 Oct 2026 00:00:00 GMTNotes