While rising volume on Polymarket and Kalshi is attracting quantitative firms to prediction markets, they aren't focusing on event outcomes; rather, they're exploiting market inefficiencies for profit. Major quantitative trading firms like DRW, Wintermute and IMC are building dedicated desks to trade on prediction markets such as Polymarket and Kalshi, treating them as a serious asset class. These firms are less focused on forecasting outcomes than on exploiting short-term pricing ine…
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