There’s a group of traders working out of my office right now who are 19–22 years old, and some of them are already among the largest traders on the biggest exchanges. Crypto and prediction markets have completely flipped the script on what a traditional market maker or “sharp” looks like.

Prediction markets are maturing quickly, and it has never been more accessible for traders to enter the space and compete. We see this firsthand at Kairos. We know and work with many of the quantitative traders, professional market makers, and funds that have entered prediction markets over the last several years. A growing number have turned to Kairos for market data, technology, or execution. That includes large institutional funds as well as elite quantitative boutiques, some of which are now among the most active market makers across prediction markets. Many of these teams come from traditional quantitative trading backgrounds. They understand that new markets can create significant opportunities for participants who can price risk more accurately, build stronger models, and operate with better infrastructure. Historically, entering a new market also meant building much of that infrastructure yourself. Exchange connectivity, normalized market data, execution systems, order management, and cross-venue routing all required meaningful engineering investment. This is who Kairos is serving. We give professional traders the infrastructure to access, analyze, and execute across prediction markets so they can spend more of their time on the part that actually creates value: finding and expressing an edge. As prediction markets continue to mature, we believe the participants that matter most will increasingly look less like casual bettors and more like the quantitative traders, market makers, and institutional firms we work with every day. wsj.com/finance/kalshi-predi…