Prediction Markets Trader
DRWAbout the Role
DRW is a major Chicago-based proprietary trading firm building out a dedicated prediction markets desk focused on platforms such as Polymarket and Kalshi. As a Prediction Markets Trader, you will develop, execute, and optimize high-conviction trading strategies in binary event contracts. You will manage a live portfolio, targeting consistent positive expectancy through market making, microstructure exploitation, cross-platform arbitrage, event-driven momentum, and statistical models.
- Monitor and trade active markets in real time across Polymarket and Kalshi using APIs.
- Execute strategies including market making, microstructure arbitrage, cross-platform arb, news/event momentum, and statistical pairs/mean-reversion.
- Develop and backtest models using historical tick data, Bayesian probability updates, NLP sentiment parsing, and ML for fair-value estimation.
- Collaborate with engineering on low-latency infrastructure, API integrations, order engines, and anomaly detection.
Requirements
- Bachelor's or higher in Quantitative Finance, Statistics, Computer Science, Economics, Mathematics, or equivalent
- Strong programming skills: Python (pandas, NumPy, backtesting)
- Solid foundation in probability, statistics, time-series analysis, and Bayesian methods
- Hands-on experience with prediction market platforms (Polymarket and/or Kalshi APIs) or closely related domains (options, binary events, sports betting)
- Demonstrated interest in prediction markets through personal trading, studying market mechanics, building models, or similar activities
What You'll Get
- $175k–$200k base salary
- Group medical, pharmacy, dental and vision insurance
- 401k (with discretionary employer match)
- Short and long-term disability
- Life and AD&D insurance
- Health savings accounts
- Flexible spending accounts