DRW · 1 day ago
Prediction Markets Trader
Flexible - US Preferred
Full-time
Hybrid
Entry, Mid Level
$175K/yr - $200K/yrDRW 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.
ConsultingFinanceFinancial ServicesFinTechVenture Capital
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)
Qualification
Required
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
Preferred
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
DRW
DRW is a diversified trading firm that combines technology, research, and risk management to capture trading and investment opportunities.
Founded in 1992
1001-5000 employees
H1B Sponsorship
DRW has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (36)
2024 (35)
2023 (24)
2022 (24)
2021 (12)
2020 (8)
Funding
Current Stage
Late StageLeadership Team
James Radecki
Global Head of Business Development at Cumberland
Recent News
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