Prediction Markets Trader
DRW is a major Chicago-based proprietary trading firm specializing in diversified, technology-driven market-making and quantitative trading. As a Prediction Markets Trader, you will develop and optimize trading strategies in binary event contracts while managing a live portfolio in a dynamic market environment.
Responsibilities
- Monitor and trade active markets in real time across Polymarket (CLOB/Gamma/Subgraph APIs) and Kalshi (FIX/WebSocket/REST)
- Execute strategies including: market making with dynamic skew, microstructure arbitrage (order-flow and book-imbalance sniping), cross-platform arb, news/event momentum (sub-second reaction), 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, anomaly detection)
Skills
- 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/event betting)
- Genuine, demonstrated interest in prediction markets — we expect you to be actively engaged with the space (personal trading, deep reading of protocols, following major resolutions, contributing to discussions, etc.). This is non-negotiable
- Prior profitable trading experience in prediction markets, options, or event-driven strategies (personal or professional)
- Familiarity with blockchain/DeFi tools (ethers.js, Polygon RPC, USDC wallets)
- Experience with low-latency systems, FIX protocol, or Web3 integrations
- Track record of building and backtesting quantitative models with real historical data
- Deep domain knowledge of high-impact events (politics, macroeconomics, climate, sports)
Benefits
- 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
Company Overview
Company H1B Sponsorship