AI Business
7h ago
New AI Trading Platform Allows Investors to Profit Without Capital Risk
May 19, 2026
AI Summary
Patrick Gruhn, a former executive at FTX, has launched UpsideOnly, a trading platform that enables investors to profit from predictions without risking their own money. The platform utilizes AI to analyze crowdsourced trading strategies and executes trades using the company's capital, sharing profits with successful predictors.
- Patrick Gruhn, previously with FTX, has introduced a new trading platform called UpsideOnly under Perpetuals.com Ltd.
- The platform allows investors to make predictions on asset prices without using their own capital, relying instead on the company's funds.
- Users engage in paper trading, where they simulate trades based on forecasts for assets like oil, gold, and equities.
- An AI model evaluates these predictions and selects the most promising ones for real trades.
- Profits from successful trades are shared, with the company distributing half of the earnings to the traders who generated the winning strategies.
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