On this episode of the Business of Betting Podcast, Jeff Edelstein is joined by Adhi Rajaprabhakaran, writer, and author of the Substack 50 Cent Dollars.

Hear them discuss:
02:10 – Adhi’s background in economics and how he discovered prediction markets
04:15 – Lessons from trading during January 6th: finding edges in uncertainty
07:00 – Influence of Nate Silver’s The Signal and the Noise on his trading approach
09:50 – Key differences between prediction markets and traditional gambling
12:00 – Why Adhi writes about prediction markets
16:00 – Takeaways from the SEC–CFTC roundtable on prediction markets
20:15 – The introduction of parlays on Kalshi and their industry impact
25:30 – Forecasting when prediction markets could break into the mainstream
27:10 – Market controversies and rule challenges
32:00 – Prediction markets as information vs. sportsbooks as entertainment

Learn more 👇

➡️ 50 Cent Dollars substack

➡️ Adhi Rajaprabhakaran on Twitter

⚡️ Follow BoB on Twitter/X

⚡️ Watch BoB on Youtube

⚡️ Apply to be a guest here

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E258 - Adhi Rajaprabhakaran