@stalequant you can reduce the tax bill by paying through the orderbook a bunch of times on polymarket btc 5 min contracts (let me know when you’re about to pls)
It’s kind of insane how much work it’s been to build out systematic strategies on prediction markets. Definitely the most nuanced trade I’ve ever worked on
@SteveFlanders22@LatticaFinance this is just an unavoidable consequence of market making anything with massive adverse selection risk (insiders). Any contracts with inefficient price discovery can’t be liquid cause as an MM you need compensation for your adversity risk. Incentives don’t change the economics
@LilQwantXBT my experience in crypto was mm / arb on d1 mostly, so binary options are fairly different in general, but w large tick size, queue pos is extremely important, some modeling challenges with settlement mechanisms on what im trading, IV solving related issues