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@ Yahoo! Finance - by layer3.news
2025-05-25 00:18:17
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✍️ Catholicism warns against gambling addiction, but traders on Kalshi and other prediction-market platforms are making millions by betting on seemingly anything, from egg prices to the next pope.
👉 Kalshi and other prediction-market platforms allow traders to bet on various outcomes, including the next pope.
👉 Traders like Coby Shpilberg are using market-making strategies to profit from the platform.
👉 Shpilberg's algorithm looks for specific characteristics in markets and sends notifications to him when it's time to buy or sell.
👉 He has made over $165,000 in just a few months.
👉 Other traders, like Jack, a senior at Princeton University, have also made significant profits by using market-making strategies.
#CobyShpilberg #Jack #PaloAlto,California #UniversityofSouthernCalifornia #PrincetonUniversity #PepperdineGraziadioBusinessSchool #technology
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