Leverage scales market-price manipulation linearly while shifting outcome-manipulation thresholds and multiplying informed-trading rents in three distinct ways, calling for re-allocated regulatory attack surfaces rather than net reduction.
Coordination as an Architectural Layer for LLM-Based Multi-Agent Systems
2 Pith papers cite this work. Polarity classification is still indexing.
abstract
Multi-agent LLM systems fail in production at rates between 41% and 87%, mostly due to coordination defects rather than base-model capability. Existing responses split between cataloguing failure modes empirically and shipping declarative orchestration frameworks as engineering tools; neither delivers a principled mapping from coordination configuration to predictable failure-mode signature. We argue that coordination should be treated as a configurable architectural layer, separable from agent logic and from information access, enabling architectural reasoning rather than only engineering productivity. We instantiate this with an information-controlled design on prediction markets: a single LLM, fixed tools, fixed per-call output cap, and fixed prompt template across five reference coordination configurations, with total compute per question treated as an endogenous architectural output. The Murphy decomposition of the Brier score separates calibration from discriminative power, so configurations leave distinguishable signatures even when aggregate scores coincide. On 100 Polymarket binary markets resolved after the model's training cutoff (claude-opus-4-6) we report Murphy signatures, a cost-quality Pareto frontier, category-conditioned analysis, and a bootstrap power-projection. Three of five pre-specified predictions are upheld in direction; two configurations dominate the Pareto frontier within this regime; exploratory bootstrap intervals separate consensus alignment from others, though pairwise tests do not survive Bonferroni correction at n=100. We also deploy the same configurations as live agents on Foresight Arena under web-search-enabled conditions, as an on-chain replication channel accumulating in parallel. Harness, trace dataset, and production agents are released. We position this as a methodology-validating first instantiation, not a general cross-model claim.
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The paper organizes seven canonical variants of event-linked perpetual futures along four design axes, supplying payoff definitions, inheritance rules from prior work, and variant-specific constraints.
citing papers explorer
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Manipulation, Insider Information, and Regulation in Leveraged Event-Linked Markets
Leverage scales market-price manipulation linearly while shifting outcome-manipulation thresholds and multiplying informed-trading rents in three distinct ways, calling for re-allocated regulatory attack surfaces rather than net reduction.
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A Taxonomy of Event-Linked Perpetual Futures: Variant Designs Beyond the Single-Market Binary Case
The paper organizes seven canonical variants of event-linked perpetual futures along four design axes, supplying payoff definitions, inheritance rules from prior work, and variant-specific constraints.