The Market Layer for iGaming Variance
Cerbero connects operators seeking external variance capacity to support higher payout multipliers with market participants pricing structured iGaming risk flows.
FOR OPERATORS
Stop trapping growth capital inside payout buffers.
Higher payout structures require larger internal buffers, forcing operators to lock capital that could otherwise be deployed toward growth, retention and expansion.
Higher Multipliers
Larger payout structures can increase volume and engagement across covered portfolios.
Buffer Constraints
Internal buffers limit how much variance capacity operators can deploy efficiently.
Trapped Capital
Capital locked inside payout protection cannot be redeployed toward growth and acquisition.
Traditional Model
Operators internally absorb the full variance required by higher payout structures, increasing capital pressure and limiting scalable growth.
- Capital trapped in internal buffers
- Limited payout scalability
- Higher exposure concentration
Cerbero Model
Cerbero introduces external variance capacity into the payout layer, allowing operators to scale payout structures without relying exclusively on internal capital buffers.
- External variance capacity
- Reduced trapped capital
- Variable cost structure
FOR TRADERS
Trade the risk flows behind iGaming growth.
Cerbero transforms operator variance capacity into structured market exposure. Desks can price carry, buffer health, recovery and stress across live iGaming portfolios.
CERBERO SECONDARY MARKET
await cerbero.orders.execute({ market: "OP_A_SENIOR_CAPACITY", side: "BUY", thesis: "covered_volume_growth", size: 250000, maxPrice: 96.40 })
Long Carry Expansion
Buy exposure to portfolios expected to generate increasing capacity fees through higher covered volume.
Protocol Structure
One market. Four coordinated layers.
Cerbero separates operator capacity, capital exposure and synthetic trading into distinct coordinated market layers.
Operator Capacity Layer
Operators access external variance capacity for covered payout structures through a variable cost model linked to covered activity.
Capacity Notes Market
External capital providers receive exposure to structured capacity fees and defined buffer impairment scenarios.
Synthetic Market
Traders price recovery, stress, carry expansion and variance exposure without increasing operator-side obligations.
Market Coordination
Cerbero coordinates pricing, collateral routing, settlement logic and market-wide exposure synchronization across all trading layers.
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ACTIVE MARKETS: 23
SECONDARY FLOW: $18.4M
SYNTHETIC OI: $42.8M
ACTIVE OPERATORS: 12
ACTIVE DESKS: 31
COLLATERAL ROUTED: $9.2M
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BUFFER HEALTH INDEX: 96.4%
MARKET DISCOUNT INDEX: -7.2%
EXPECTED CARRY INDEX: 6.8%
LONG/SHORT IMBALANCE: +12%
STRESS EVENTS (24H): 2
RECOVERY MARKETS ACTIVE: 5
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COLLATERAL STATUS: SYNCHRONIZED
SETTLEMENT STATUS: ACTIVE
PRICING STATUS: STABLE
SYSTEM STATUS: LIVEBuild the market for iGaming variance capacity.
Operators access external variance capacity. Market participants trade structured risk exposure. Cerbero coordinates the protocol, pricing and settlement infrastructure.