From Financial News, London, June 10:
Institutional investors are launching dedicated prediction markets desks amid the rising popularity of platforms like Kalshi and Polymarket
Commodities hedge fund Moreton Capital Partners is joining the prediction markets rush with the launch of a dedicated trading unit, Financial News has learned.
Moreton Capital has already hired five people for its prediction markets desk and the team has started trading with internal capital, according to people familiar with the matter.
Moreton Capital’s prediction markets desk will start trading with external capital in July, the people added. The hedge fund is actively hiring prediction markets experts including traders, quantitative analysts and portfolio managers....
....MUCH MORE
“There is a real talent shortage in prediction markets,” Max Heppleston, founder of recruitment firm H-Squared, told FN last month. “The best people need to understand probability, statistics, execution, automation, market microstructure, domain expertise and contract resolution rules. That combination is rare.”
I like that he included "contract resolution rules", it is good to understand the sandbox you're playing in.
Previously:
June 1 - "Prediction market traders eye up to $260,000 salaries at hedge funds"
May 2008 - On Prediction Markets
With a couple hundred posts in-between those two bookends, including such hits as:
2016's "Science Journal, Nature, Takes a Look At Prediction Markets"
