They quit their day jobs to bet on current events. A look inside the prediction market mania

Logan Sudeith, 25, estimates he clocks about 100 hours a week on prediction markets. Evan Frost for NPR

Evan Frost for NPR

Ask Logan Sudeith how many bets he places in a week and he’ll laugh. It’s a comical line of questioning for the 25-year-old former financial risk analyst, who estimates he clocks about 100 hours a week on prediction markets Kalshi and Polymarket. After a while, understandably, some of the bets blur together. What are his net profits, though? That’s a number he’s got at the ready.

“Last month, I made $100,000,” said Sudeith, who does most of his

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

This fish may play a hole in its head like a drum

For the rockhead poacher, the noises are all in its head.  The fish is a pint-size, unassuming inhabitant of nearshore shallows, but it has...

A long-lost tectonic fragment may be shaking Northern California

An earthquake-generating chunk of tectonic plate has been discovered beneath Northern California. It’s attached to the bottom of the North American plate like gum...

Math puzzle: The homesick rover

Far away, on a large, rocky exoplanet, a rover from Earth has just arrived on a mission of exploration. But the poor thing...