Caspian: Institutional prediction-market capabilities, with governance built in.
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Asara LLC

Trading like a firm.
Engineering like a lab.

Prediction markets are opening a new field of opportunity. Caspian helps institutions move forward with confidence, bringing multi-venue data, governed APIs, strategy research, and live execution together with the clarity and traceability required for effective oversight.

Explore Caspian

Built-in capabilities

Caspian

Every institution will approach prediction markets differently. Caspian is designed to meet you where you are, with data, APIs, governance, analytics, optimization, and execution capabilities that can work together or within your existing environment. Its seven-module Phase 1 governance toolkit is live today, helping your teams move from market information to action with a clear, reviewable record. Caspian supports Kalshi and Polymarket, with ForecastEx connectivity implemented through IBKR and a modular foundation designed to welcome additional venues.

See the full picture

Follow the path from source data through features, signals, reports, and exports. Append-only records with SHA-256 integrity create a durable foundation for review.

Put policy into practice

Apply versioned policies as information is used. Caspian can block, warn, require approval, mask, or escalate, while honoring source entitlements and distribution controls.

Be ready when questions arise

Review typed lineage across the full chain, supported by daily supervision, weekly governance reporting, and one-click regulator-response packages.

A prediction-market capability shaped around your institution.

Whether you are exploring a focused data integration or a complete operating platform, Caspian offers a practical path forward while preserving the standards your organization expects.

Opportunity, with accountability

Prediction markets are becoming part of the institutional landscape. Realizing their potential requires more than access to data or trade execution. It requires confidence in the information behind every decision and the ability to show how that decision came together.

A complete view

Understand more than the trade

See the data, features, signals, and reports that informed a decision, not only the order that ultimately reached a venue.

Governance in motion

Apply controls as work happens

Bring policy resolution, restricted-list checks, source entitlements, and evidence capture directly into market-data and customer-delivery workflows.

Continuity across systems

Keep accountability connected

Preserve evidence and lineage around the information that informs a decision, even when the resulting trade takes place through another system or venue.

Our Approach

Your architecture, policies, and priorities are distinct. Caspian is designed to work with them.

  • Start with evidence: governed actions create canonical, append-only records as work takes place.
  • Bring policy closer to the decision: entitlement, approval, and distribution rules operate within the workflow.
  • Integrate on your terms: adopt data, governance, analytics, optimization, and execution together or as independent services through APIs.

Public and internal APIs make Caspian's policy, evidence, lineage, reporting, export, surveillance, and customer-data capabilities available to enterprise runtimes.

Perspectives

Research that informs how we see prediction markets and how we build for them.

Pre-print · SSRN · 2026
Trend Quality and Predictability in Prediction Markets: Evidence from Minute-Level Kalshi Data

Clyde Greene

Read on SSRN

About Asara

Asara brings together market-structure insight, disciplined engineering, and an accountability-first perspective. We created Caspian for institutions that want to participate in prediction markets with the standards they expect across the rest of their business.

Our perspective

Prediction-market opportunity is most valuable when institutions can pursue it with clarity, discipline, and confidence.

Our platform

Caspian is modular, API-accessible, and production-proven, designed to complement institutional architecture.

Our partnerships

We welcome conversations about prediction-market integrations, institutional pilots, and strategic collaboration.

Start a conversation

Every institution begins from a different place. Tell us what you are considering, and we will help you determine whether Caspian fits your architecture and priorities. Where appropriate, we will continue under NDA with a focused demonstration.