Podcasts · Elon Musk Podcast

How Basement Quants Game Prediction Markets

· 22 min

Episode How Basement Quants Game Prediction Markets

0:00 22:19

A wave of Gen Z traders with backgrounds in math and programming is rapidly taking over prediction markets like Kalshi and Polymarket. Armed with artificial intelligence tools and automated strategies, these young quantitative entrepreneurs are launching their own startups and wagering millions of dollars weekly. Prominent examples include Alcedine Technologies, founded by Zack Chroman and Tanner Hoke, which has quietly risen to become a top-tier trader on regulated U.S. exchanges. Despite maintaining a low public profile, these twenty-something high rollers are successfully competing against experienced institutions. As traditional Wall Street firms increasingly enter the space, this entrepreneurial gold rush highlights the growing influence of professional traders in setting market prices and driving industry growth.

The episode on the publisher’s site (opens in a new tab)

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them. Explicit shows are for adult profiles only, and children’s profiles hear only children’s shows. More about this list.