"Ask Logan Sudeith how many bets he places in a week and he'll laugh. It's a comical line of questioning for the 25-year-old former financial risk analyst, who estimates he clocks about 100 hours a week on prediction markets Kalshi and Polymarket. After a while, understandably, some of the bets blur together. What are his net profits, though? That's a number he's got at the ready."
"He's executing so many orders on the sites, he says, that he has no time to cook. So he DoorDashes every meal. "My last salary was $75,000 a year, so I left my job to trade full time," he said Some of his biggest hauls in recent months include lucrative stakes on Time Magazine's person of the year ($40,236), the most-searched person on Google last year ($11,083) and a wager on the New York City mayoral race ($7,448)."
Logan Sudeith is a 25-year-old former financial risk analyst who spends about 100 hours a week trading on prediction markets Kalshi and Polymarket. He reported making $100,000 in one month and left a $75,000-a-year job to trade full time. He executes so many orders he DoorDashes every meal. His notable wins include $40,236 on Time's person of the year, $11,083 on Google's most-searched person, and $7,448 on the New York City mayoral race. Traders place wagers on diverse outcomes, from announcer phrases to whether Trump will use a specific phrase, with half-million-dollar markets attracting liquidity. Millions of traders are driving a boom in online prediction markets.
Read at www.npr.org
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