Imawhale is going all-in on prediction markets.
$500M+ in volume
#1 on Kalshi volume leaderboard (opt ins)
This is just the starting point.
We’re building the leading PM trading platform.
Strategic partners + hires:
https://t.co/3dr3jdp5jp
@LoganPredicts@astraffon@ImawhalePM Ty! The intent of that is to say we are really passionate and focused on market making single events both pre and live. Lot of large and great RFQ players out there too.
Today we @ImawhalePM crossed 1B in lifetime volume traded on Kalshi.
8 months ago this was just an idea.
A few things about us:
• We’re a delta-neutral, opinionless market making operation • Our focus is tight spreads, fast pricing, and deep liquidity across fragmented event markets • None of this volume came from RFQs • We make markets across everything from Cricket and Esports to NFL and WNBA • We recently tripled the size of our trading team • 2 months ago we launched a live trading division • We’re still a tiny team relative to the opportunity
Most importantly, we definitely do not have all the answers yet.
We’ve had wins, mistakes, painful lessons, and plenty of volatility along the way. But this is the most intellectually fun problem any of us have ever worked on.
Excited for the next 1B to come a lot faster.
We’re building fast.
In April, we pushed: • $256M in Kalshi volume • Doubled the trading team • Launched our live trading arm • Rolled out internal trading software
In May, we’re accelerating: • 3 new exchange launches • Training the next wave of traders • Expanding live coverage
https://t.co/QBVtcYk3tc
Can’t discuss the specifics of the Kalshi MM program (or any other MM programs) but some early learning curves combined with delta neutral arbs elsewhere led to some early hurdles dating back to January. That’s been turned around and we feel confident in our continued profitability MMing hundreds of markets across multiple exchanges.
Imawhale is going all-in on prediction markets.
$500M+ in volume
#1 on Kalshi volume leaderboard (opt ins)
This is just the starting point.
We’re building the leading PM trading platform.
Strategic partners + hires:
https://t.co/3dr3jdp5jp
I would develop some sort of alpha. It could be anything, but maybe you’re the best live Esports trader, and then as you meet people lead with your alpha. It’s just a very competitive environment and any networking is going to have to feel mutually beneficial. Until then, consume as much PM content as you possibly can and work on edges on low hanging fruit.