
Inside Prediction Markets
Every week, join two of the world's sharpest bettors and minds, Henry Kerins and Chris Dierkes, as they discuss everything about betting and prediction markets. New episodes drop Wednesdays, featuring market deep dives, expert guests, and strategy analysis. This content is for informational, educational, and entertainment purposes only and is not financial advice.
Episodes
Malik Beasley EXPOSED, Prediction Market BANNED in Michigan, and World Cup Volume SHATTERING Records
A Michigan judge has banned Kalshi from offering sports contracts in the state unless they obtain an OSB license — and ordered $120,000 per day in fines if they don't comply. Chris and Henry break down why this is just another stop on the inevitable road to the Supreme Court. Then: Malik Beasley gets caught shaving props for pocket change — texts showing him scrambling to put together $2,000 while
Inside the Mind of a 15-Year SIG Trader & The Future of Prediction Markets
Former Susquehanna International Group (SIG) trader Andrew Courtney (@andrewcourt1) joins the Optic Odds Hot Seat to discuss what it's really like inside one of the world's most respected trading firms.Andrew spent 15 years at SIG, where he worked in market making, ETF trading, and trading system development before eventually finding his way into prediction markets. Along the way, he learn
Optic Odds CEO on Powering the Industry + World Cup Volume Shattering Records
Matt Restivo, CEO of Optic Odds, joins Chris and Henry in the Optic Odds Hot Seat. Matt traces the full origin story: from a Stanford dorm room startup called OddsJam to the realization that the real value wasn't the consumer product but the data infrastructure powering it. He covers how Optic Odds became the cornerstone of the prediction market tech stack, and his most expensive lesson — not
This NYC Bar Is Using Prediction Markets to Hedge Your Tab If the Knicks Win
A New York City bar is covering every customer's tab if the Knicks win game one — and they're hedging the entire risk on a prediction market. Chris and Henry break down why this is one of the smartest real-world use cases for prediction markets yet and how Mattress Mack was doing this years before prediction markets existed. Also, Polymarket resolves a MicroStrategy Bitcoin market to No ev
The Insider's Guide to Prediction Market Terminology: Defining the Terms You Need to Know
Kyle Kuzma — yes, the NBA player — became an unlikely prediction market hero this week by clapping back at the DraftKings co-founder's Twitter tirade. Then: the Ninth Circuit signals it's going to rule against prediction markets on sports contracts, setting up the split circuit that everyone was expecting and almost certainly sending this to the Supreme Court. Plus, the New York Times runs
Matt Kalish Crashes Out + 4casters Zach on the Future of Prediction Markets
Matt Kalish — co-founder of DraftKings — had a very public meltdown on Twitter this week about prediction markets, and Chris and Henry break down every angle. Sporttrade suspends OSB operations and Polymarket and Nasdaq announce perpetual contracts on individual stocks, which raises the obvious question: is this just an option with a different name?Then Zach from 4casters joins in the Optic Odds H
The Insider's Guide to Market Making on Prediction Markets
What actually is market making? If you've ever asked yourself that question, this is the episode for you.FanDuel and DraftKings just announced they're market making on prediction markets. Then Kalshi dropped numbers showing over 30% of their volume is now in combos — primarily sports parlays. Chris and Henry break down what it all means, whether sportsbooks actually have the capability to
Big Prediction Market Ghost Orders Scandal and How One Market Maker Beats Every Exchange
Polymarket had a rough week — and Chris and Henry break down both stories. First: ghost orders Then: their CMO was caught on a live stream nearly whispering something to a popular streamer before realizing he was on camera — a clip that went viral for all the wrong reasons.Also, Max Shen-Molesky of Coinflip Capital joins in the Optic Odds Hot Seat. Max has quietly become one of the most dominant l
The Maduro Insider Trading Scandal and Shipper on How Sharps Actually Win
A U.S. soldier was just prosecuted by the DOJ for betting $400,000 on a prediction market using classified military intelligence about the Maduro situation — and Chris and Henry break down why this is actually a landmark moment for the space. It wasn't done on a CFTC-regulated platform, but it still matters: the system is starting to work, Trump is calling the world a casino, and the CFTC commissi
The Insider's Guide to Getting Hired at a Prediction Market
Chris and Henry pull back the curtain on what it actually takes to get hired at a prediction market company. They start with their own stories — how Chris reached out cold and created his own role, how Henry cold-emailed a cover letter and got hired by pitching a vision the company didn't even know it needed yet — and why both paths have one thing in common: initiative.From there it's a fu
Ohio Is Trying to Kill Sports Betting + Harry Crane on the Fascinating Kelly Criterion Debate
Ohio just introduced a bill that would effectively kill online sports betting in the state. Chris and Henry break down why it's unlikely to pass but why it matters, plus a tease of what looks like perpetual contracts coming to a major prediction market platform, and a look at Chris's Substack deep dive into his journey as a professional gambler.Then Harry Crane joins in the Optic Odds Hot
How To Bet The Masters + Novig Is Giving Away 500K
Novig is at The Masters — LIV golfers including Jon Rahm and Cam Smith are wearing the Novig patch, and the Blue Blazer Jackpot is live on the app. Enter once per day by trading on the tournament winner, and if your pick wins you share a $500K Novig Cash prize pool. One winner also takes home the first-ever Novig Blue Blazer delivered in person by a LIV player. Visit augusta.novig.com to track ent
The NFL Just Put Prediction Markets on Notice: A Potential Victory For All?
The NFL just asked prediction markets to stop listing easily manipulated outcomes — draft picks, announcer mentions, attendance markets — and Chris and Henry think it's actually a good thing. Then: DraftKings is quietly building an AI casino product nobody asked for, and Kalshi just filed to offer margin trading. All three stories before they sit down with Jake (@jbets212121), a former account
Arizona Just Filed Criminal Charges Against a Prediction Market
A state just filed criminal charges against a prediction market for the first time in U.S. history — and that's just where this week starts. Chris and Henry break down Arizona's lawsuit, what it means legally, and why sportsbooks may be quietly pulling the strings. Then: the Polymarket Situation Room's rocky launch, the Schiff-Curtis bill to ban sports markets, AOC piling on, and why a
Novig CEO Jacob Fortinsky on Why Prediction Markets Will Win
Prediction markets are exploding — and Novig CEO Jacob Fortinsky is right in the middle of it.In this episode of Inside Prediction Markets, we sit down with Jacob to break down how Novig went from a scrappy startup to a serious player in the space, why prediction markets are starting to compete with sportsbooks, and what the future of betting might actually look like.We also get into the moment No
Are Prediction Markets Actually Worth Their Jaw-Dropping $20B Valuation?
Prediction markets are suddenly being valued like Silicon Valley unicorns. But are those numbers real — or just hype?This week on Inside Prediction Markets, Henry Kerins and Chris Dierkes break down the rumors that major platforms could be chasing $20 BILLION valuations after recent funding rounds. Is the industry really on that trajectory… or are investors getting ahead of themselves?We’re also j
Do Death Markets Actually Exist? Iran’s Fall Exposes a $54M Betting Scandal
The debate around prediction markets just exploded. After more than $54 million was wagered on whether Iran’s Supreme Leader would fall from power, traders expected the market to resolve — instead, bettors were left furious when the platform voided the outcome.So do “death markets” actually exist? And where should the line be drawn between forecasting geopolitical events and profiting from them?On
Did Obama Start an Alien Market Frenzy?
This week, the markets went into a frenzy. From extraterrestrial leaks to massive winter storms, the guys are breaking down who cashed in and who’s full of it.In This Episode:0:00 The Alien Explosion: President Obama dropped some cryptic ET info that sent markets soaring. Are Chris and Henry buying the hype, or is it all noise?2:00 SNOW SNOW SNOW: A massive snowstorm hit New York, and some savvy v
Why the feds are fighting with states about prediction market regulation
The gloves are off! The federal government is demanding that states stand down on efforts to regulate and restrict prediction markets. CFTC Chairman Mike Selig has a blunt message for state regulators: "I'll see you in court" if you step on the toes of his agency.But is this jurisdictional turf war actually good for the consumer? And what does it mean for the future of the industry?
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