by Marc and Diego Thanks to Sam Hart for insightful discussions. TLDR: An LLM-generated probability could be used to continuously settle a perpetual futures contract that tracks an arbitrary public event. A new microstructure Core thesis: A perpetual that tracks the probability for an event as the index price would create a much richer predictive space, in addition to providing a more liquid and expressive market for prediction market users. We believe that such a perp could address some of the key issues faced by prediction market traders today, allowing for: