The Insider's Guide to Prediction Market Terminology: Defining the Terms You Need to Know

Kyle Kuzma — yes, the NBA player — became an unlikely prediction market hero this week by clapping back at the DraftKings co-founder's Twitter tirade. Then: the Ninth Circuit signals it's going to rule against prediction markets on sports contracts, setting up the split circuit that everyone was expecting and almost certainly sending this to the Supreme Court. Plus, the New York Times runs a piece on regular people beating Wall Street on prediction markets.Then it's just Chris and Henry going deep on the terms that get thrown around constantly in prediction markets but rarely get properly defined. Adverse selection, top down, alpha, live betting, market making — each one broken down clearly with real examples, common misconceptions corrected, and listener questions answered along the way. If you've ever nodded along to a conversation in this space without fully understanding what's being said, this is the episode for you.📅 New Episodes Drop: Wednesdays 👇 Subscribe now.@insidepredictionmarkets OpticOdds is a global leader in sports betting data solutions, empowering sportsbooks, DFS, prediction markets and platform providers with the fastest, most reliable, and most comprehensive odds data and trading tools in the industry.Sign-up to join the Novig x OpticOdds incubator: https://docs.google.com/forms/d/e/1FAIpQLSd6VQ-OEHRs7JpEs7-tURuy6WRP4WGRtlyBfByDkhgJ9KEbHw/viewformThis content is for informational, educational, and entertainment purposes only and is not financial advice. Please do your own research. The views expressed are not necessarily those of Novig. All investing and prediction market trading involves risk, including the loss of principal.Chapters:0:00 – Kyle Kuzma: Unlikely PM Hero1:48 – Supreme Court Here We Come4:39 – Regular Guys Are Beating Wall Street7:06 – Defining Adverse Selection10:30 – Defining Top Down16:00 – Defining Alpha22:51 – Defining Live Betting30:00 – Listener Questions34:15 – Defining Market Making#predictionmarkets #kalshi #polymarket #novig #draftkings #fanduel #gambling #sports #betting