TV antennas and Super Bowl rehearsals: How prediction market traders seek an edge

Singer Charlie Puth performs the national anthem ahead of this year’s Super Bowl on Feb. 8. One prediction market trader made thousands of dollars by listening to a rehearsal of the event and correctly guessing how long Puth’s rendition of the anthem would take. Patrick T. Fallon/AFP via Getty Images

Patrick T. Fallon/AFP via Getty Images

Ahead of the Super Bowl, 21-year-old Caden Booth of Cincinnati was looking for “alpha.”

That’s finance slang for finding a competitive edge. With the rise of prediction markets allowing people to bet on elections, sports, musical performances and live press conferences, traders are becoming

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