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