A massive hiring wave reveals trading firms are no longer viewing Polymarket as a niche betting tool
Chicago-based trading giant DRW has spent decades profiting from mismatches between different asset classes, and now it's building a dedicated prediction market desk targeting platforms such as Polymarket and Kalshi. The move is one of the clearest signs yet that sophisticated "quantitative trading" firms — traders that use complex math and analysis to set up strategies — are increasingly viewing prediction markets as a legitimate trading venue rather than a niche betting product.