Stakeholder Docs · PMF Finance

Prediction Market Funds

A Prediction Market Fund (PMF) is similar to an ETF, except it is a curated basket of event contracts instead of equities. These funds offer passive exposure to binary event markets following a thesis or theme.

The first two PMFs track both sides of the Stability Index. STBL follows the canonical Stability thesis, while CHAO holds the inverse side of the same market basket.

STBL · Stability

Stability is the canonical side of the Stability Index thesis.

CHAO · Chaos

Chaos is the inverse side of the same thesis. It is the opposite side of every market in the Stability Index.

Start Here

• Stability And Chaos
• How It Works
• Contract Directory
• Risks

What You Need To Know First

• PMF products are ERC-4626-style vaults with product-specific accounting, capacity, and health checks.
• Investors do not mint and redeem directly from the vault. Access is managed through Authorized Participant quotes.
• Availability is deliberately gated by jurisdiction, operational capacity, market data freshness, and settlement readiness, in order to mitigate shareholder dilution and adverse selection.
• The vault holds pUSD and Polymarket positions acquired through order intents and solver execution.