Aurum Advised on the Launch of an Event-Contract Prediction Markets Platform

Aurum advised on the launch of a prediction markets platform offering event-contract style instruments for esports events.

Aurum’s work focused on establishing a coherent legal characterisation of the product and translating that analysis into a launch-ready operating model. The firm reviewed the platform’s product design and user flows, advised on features that affect classification and market-facing posture, and designed distribution controls (including jurisdictional access restrictions and user limitations where appropriate). Our team designed the corporate structure to support the platform operations, which included a number of legal entities in different jurisdictions, and supported the formation process.

The team also drafted the user-facing documentation suite – terms, risk disclosures and operating policies – to implement the agreed strategy, allocate responsibilities and risk between the platform and users, and support scalable operation.

“We are seeing increasing interest in transparent, rules-based market infrastructure for event-linked instruments, but success depends on disciplined structuring from day one,” said Illia Shenheliia, Associate Partner at Aurum. “Our role was to make the product legally executable – clear instrument definition, controlled distribution, and documentation that supports accountability at scale.”

“We expect the market to continue moving toward institutional-grade standards even for novel instruments,” Sergey Ostrovskiy added. “Platforms that embed governance and risk controls into product mechanics – not just disclosures – will be best positioned to grow across jurisdictions.”