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 DRW is a diversified trading firm that combines technology, research, and risk management to capture trading and investment opportunities. It was founded in 1992, and is headquartered in Chicago, Illinois, USA, with a workforce of 1001-5000 employees. Its website is Company H1B Sponsorship DRW has a track record of offering H1B sponsorships, with 36 in 2025, 35 in 2024, 24 in 2023, 24 in 2022, 12 in 2021, 8 in 2020. Please note that this does not guarantee sponsorship for this specific role.