Ohio just introduced a bill that would effectively kill online sports betting in the state. Chris and Henry break down why it's unlikely to pass but why it matters, plus a tease of what looks like perpetual contracts coming to a major prediction market platform, and a look at Chris's Substack deep dive into his journey as a professional gambler.

Then Harry Crane joins in the Optic Odds Hot Seat. Harry is a statistics professor at Rutgers, a member of the CFTC Innovation Committee, and one of the sharper minds at the intersection of academic probability theory and real-world prediction markets. The conversation gets into his path from poker to sports betting to prediction market research, what it's like being a bettor with a seat at the regulatory table, and a genuinely fascinating deep dive into Kelly Criterion — when to use it, when it breaks down, the case for half Kelly vs. full Kelly, and what a $3 million drawdown actually teaches you about your own edge.

📅 New Episodes Drop: Wednesdays

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@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/viewform

Chapters:

0:00 – Ohio's Bill to Kill Sports Betting

1:12 – Perps Coming to Kalshi?

3:12 – Chris's Substack on his Journey

4:51 – Introducing Harry Crane: CFTC Committee Member

6:45 – Harry's Scoop on Election Markets and 538

14:00 – Having a Seat at the CFTC Table

19:00 – Are Sharp Bettors Losing Faith in Prediction Markets?

26:00 – The Full Kelly vs. Half Kelly Debate

35:00 – What a $3M Drawdown Teaches You

43:00 – Card Counting, Kelly, and the Conditional Fill Problem

This 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.

#predictionmarkets #kalshi #polymarket #novig #draftkings #fanduel #gambling #sports #betting

Novig is at The Masters — LIV golfers including Jon Rahm and Cam Smith are wearing the Novig patch, and the Blue Blazer Jackpot is live on the app. Enter once per day by trading on the tournament winner, and if your pick wins you share a $500K Novig Cash prize pool. One winner also takes home the first-ever Novig Blue Blazer delivered in person by a LIV player. Visit augusta.novig.com to track entries and find your angle.Then Chris and Henry break down the week's big three: a court ruling in favor of prediction markets over New Jersey's attempt to block sports contracts, the one platform that just introduced fees after years of zero-cost trading, and what that actually means for the space. Then Golden Pants himself — John Shilling of Risk Takers — joins in the Optic Odds Hot Seat to break down how to actually bet The Masters, from course characteristics and field analysis to how prediction markets have completely changed the golf betting lifecycle.📅 New Episodes Drop: Wednesdays 👇 Subscribe now.@insidepredictionmarkets [5:17 PM]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 – Novig's $500K Blue Blazer Jackpot1:42 – Courts Rule in Favor of Prediction Markets Over New Jersey3:20 – A Major Platform Added Fees5:08 – Optic Odds: The Tech Stack Behind the Space7:29 – Introducing Golden Pants: John Schilling in the Hot Seat8:37 – What Makes Augusta Unlike Any Other Course22:43 – Golf Betting's Evolution in the Prediction Markets Era27:54 – Most Live Golf Volume Is Fake?31:32 – How Golden Pants Operates Across Every Sport35:25 – How His Trading Software Actually Works44:07 – What Should Change About Tick Size53:32 – Golden Pants' Most Expensive Mistake#predictionmarkets #kalshi #polymarket #novig #draftkings #fanduel #gambling #sports #betting

The NFL just asked prediction markets to stop listing easily manipulated outcomes — draft picks, announcer mentions, attendance markets — and Chris and Henry think it's actually a good thing. Then: DraftKings is quietly building an AI casino product nobody asked for, and Kalshi just filed to offer margin trading.

All three stories before they sit down with Jake (@jbets212121), a former accountant who walked away from a stable career less than a year ago to go full time in prediction markets.Jake gets into how he built his operation from scratch — starting with paper hat work and live betting, pivoting to RFQs, and building out a fully functional quoting system in ten days with his developer partner. The conversation covers how he thinks about adverse selection, the top-down vs. origination debate, white labeling as a business model, maker vs. taker fee structures, and what it actually cost him to learn some of his biggest lessons — including a brutal opening day of baseball where flipped spreads and totals nearly wiped out everything he'd built.

📅 New Episodes Drop: Wednesdays 👇 Subscribe now.

@insidepredictionmarkets

This 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 – NFL Sets Boundaries on Prediction Markets

2:48 – DraftKings Replay: The Product No One Asked For

5:30 – Kalshi Applies for Margin Trading: What It Actually Means

6:41 – Introducing Jake (@jbets212121)

7:10 – How To Go From Accountant to Professional Gambler

13:38 – Building a Quoting System in 10 Days

18:20 – Top Down vs. Origination: The Crossroads Decision

21:03 – Should Exchanges Stay Maker Friendly?

28:48 – What If Straight Markets Traded via RFQ?

33:47 – The Most Expensive Mistake He's Ever Made

#predictionmarkets #kalshi #polymarket #novig #draftkings #fanduel #gambling #sports #betting