January 2026 Links
Some Interesting Things I Read This Month
- The Microstructure of Wealth Transfer in Prediction Markets — This massive data analysis of Kalshi trades by Jordan Becker illuminates the way market makers are eating the lunch of retail takers through some relatively simple biases they exhbit.
- Betting on Prediction Markets Is Their Job. They Make Millions — Like influencers of the last decade there is a new interwebs job in town.
- T-Rank FAQ — An older post, but an interesting one about an advanced college basketball metric.