On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Adhi Rajaprabhakaran, writer, and author of the Substack 50 Cent Dollars. Hear them discuss: 02:10 – Adhi’s background in economics and how he discovered prediction markets 04:15 – Lessons from trading during January 6th: finding edges in uncertainty 07:00 – Influence of Nate Silver’s The Signal and the Noise on his trading approach 09:50 – Key differences between prediction markets and traditional gambling 12:00 – Why Adhi writes about prediction markets 16:00 – Takeaways from the SEC–CFTC roundtable on prediction markets 20:15 – The introduction of parlays on Kalshi and their industry impact 25:30 – Forecasting when prediction markets could break into the mainstream 27:10 – Market controversies and rule challenges 32:00 – Prediction markets as information vs. sportsbooks as entertainment
Learn more 👇
➡️ 50 Cent Dollars substack
➡️ Adhi Rajaprabhakaran on Twitter
⚡️ Follow BoB on Twitter/X
⚡️ Watch BoB on Youtube
⚡️ Apply to be a guest here
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