What’s the best career advice you’ve ever heard? For Andy Ross, Head of Institutional @Kalshi , it comes down to two things. He sat down with @TimMeggs in The Local to explain the advice he gives to people starting out and why...

If you're excited about predictions markets as a force for captial markets disruption, take a listen to Andy Ross from Kalshi laying out the direction of institutional involvement.

Is institutional development the next big wave of growth? @TimMeggs sat down with Andy Ross from @Kalshi in our newest episode of The Local out tomorrow ↓

I has the pleasure of Andy Ross' company for an hour or so the other day - and the conversation flowed! This nugget of Kalshi lore absolutely flawed me - you could hear the room gasp. Check out the pod to find out why. @Kalshi

There's a lot of parallels between hitting enter on each CLI Codex/Claude response and mindless doom scrolling to the next tweet. LLMs are amazing tools, but at an individual level you can only get the most out of them when you actively engage with their output.

One of the biggest mismatches in contracted token market making is between the client's desire to hit certain order depth requirements at arbitrary spread levels — primarily driven by the equally arbitrary ±2% bands shown on CoinMarketCap and CoinGecko — and the natural breakeven spread at which a prop market maker would place orders. There is always a hidden cost to providing depth tighter than breakeven.

<swoon>

The Industrial Revolution compressed the distance between time and place. Now, the Agentic revolution compresses the distance between intention and execution. Catch the full episode with @vandynathan here - piped.video/watch?v=DBUSRvmF…

Prediction markets took double what US bookmakers did on the World Cup. Then "soccer" gave them a problem the NFL never does: a game that ends without a winner. So who actually won the World Cup? This week on The Local @AdMcMarkets on his world cup report. New episode live now

I've been a fan of @lo_tech, not just from a market maker perspective, but also their podcast in a pub format It really doesn't get much more British than that And so when I got the call up to feature and converse, all things AI + blockchain, I couldn't say no Amazing podcast with the very sharp and experienced @TimMeggs. Very much enjoyed this one.

Can AI build a trading system right now? Can it build a market making system on top of it? @TimMeggs believes the answer to both is yes. But the nuance of operating successfully is around infrastructure, networking, risk management, something we know very well...

For someone who's always had multiple side-projects I want to work on, the improvements in AI agent capabilities over the last 9 months has been a huge step forward. Feels like a golden age. It also brings a bunch of underlying anxiety though too. Anytime I don't have an agent working on something, it feels like a waste.

Sax is a force of nature. Get long this individual.

We’re thrilled to announce our Series A with @usv bringing our total fundraising up to 15m. We hit it off with @fredwilson right away and we’re excited to benefit from his incredible experience.

Are bank analysts sending out research notes in markdown and LLM friendly format yet? If not, why not?

The Cursor for trading is here 📈

Last week crypto traders bought 15 times more Micron than Nvidia. On Binance equity perps that's $ 3.4bn against $ 230m, with memory and semis taking around 63% of the volume. Easy to file under AI selling off. It wasn't. Nvidia was barely touched. What got sold was commodity memory, NAND and DRAM, on a legal case and fresh questions about how much of it AI really needs. We pull this sort of thing apart every week in The Data LO:DOWN newsletter written by @AdMcMarkets. It's free to sign up here: down.lo.tech

The headlines went to the World Cup billions on Kalshi. Our resarcher @AdMcMarkets breaks down the Bitcoin selloff, and why the Fed, the dollar and the AI trade are all pulling the same way. Sign up free to get these insights in your inbox: down.lo.tech

Kalshi cleared $ 24bn in June, roughly 70% of it sports on the back of the World Cup. Volume's the headline, but in-play it's repricing speed that matters. A goal goes in, the tight books move inside a second while the slow ones sit there for four or five. Four seconds doesn't sound like much until you're the one pricing the market. We pull this sort of thing apart every week in the data lo:down newsletter written by @AdMcMarkets. It's free to sign up here: down.lo.tech

We're back with the next instalment of the LO:DOWN -Crypto Crashes & World Cup Hysteria. BTC and broader crypto markets fell again this week as the FIFA world cup drove record volumes on Kalshi. Links below to get our 5 minute reads straight to your inbox.