AI Summary
5 min read🎙️ The Voices & The Context
- The Format: A live podcast interview recorded in front of an audience at City Winery in New York City. It’s a casual, insightful chat about the future of markets.
- The Key Players:
- Jeremy Malletz: The Head of Prediction Markets at Susquehanna International Group (SIG) , a massive, secretive trading firm. He’s the perfect guest because he’s at the center of the action, trying to build the infrastructure for these new markets.
- The Hosts: Tracy Alloway and Joe Weisenthal (the "Odd Lots" team). They have great chemistry, with Joe asking the big-picture, "why does this matter?" questions and Tracy digging into the mechanics and potential pitfalls.
- The Vibe: Educational & Optimistic. Jeremy is a true believer in prediction markets, and the conversation is full of energy as he explains how they work and why they matter. It’s fun, nerdy, and surprisingly accessible.
🗝️ Key Themes & Topics
Continue reading the full summary in the app — free to try.
Read Full Summary →Free • No credit card required
What you'll learn
- 1 (00:00) **🎙️ Introduction: Jeremy Malletz, Head of Prediction Markets at Susquehanna International Group**
- 2 (03:57) **What the Prediction Markets Desk Does**
- 3 (05:04) **Susquehanna's Core Business**
- 4 (06:09) **Why Prediction Markets Need Market Makers**
- 5 (07:27) **Balance Sheet and Risk Neutrality**
- 6 (08:59) **The Challenge of Institutional Hedging**
- 7 (11:49) **Conversations with Institutional Players**
+ Full timestamped outline available in the app
Show Notes
Prediction markets that enable you to bet on pretty much everything are everywhere nowadays. But there's still a big question over whether they can expand to include larger institutional investors like hedge funds. Part of the problem is that a lot of prediction market contracts are illiquid and trading volumes can sometimes be shallow. That's where trading firm Susquehanna International Group comes in. In this episode, recorded live at New York's City Winery, we talk to Jeremy Maletz, Susquehanna's head of macro trading and prediction markets, about the firm's market-making business with Kalshi. We talk about how big investors could use prediction markets, what Susquehanna is seeing in terms of flows, how a market-maker hedges risk on these contracts, and how it makes money from them.
See omnystudio.com/listener for privacy information.
More from this podcast
Odd Lots →