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50¢ Dollars

Adhi Rajaprabhakaran, Chris Dierkes

A newsletter about prediction markets by a pro prediction market trader.

Platform
Substack
PricingOnly free issuesPublishesTwice weekly
Issues22SubscribersRead fiftycentdollars.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

I was wrong

For months, I’ve been telling anyone who would listen that sportsbooks themselves would become the biggest customers of prediction markets. I think I was wrong.

21 days ago
8
0

I started a podcast

For a long time, my favorite podcast has been Odd Lots by Tracy Alloway and Joe Weisenthal. What makes it so good is simple: they bring on people who really know their stuff, and they’re not afraid to get into the weeds. It’s curious, techn...

23 days ago
2
4

Betfair had the wrong passport

Here’s a question that stumps most prediction market enthusiasts: Why didn’t Betfair Exchange—with its superior pricing, lower fees, and fairer model—dominate the UK sports betting market?

a month ago
12
3

The fish are the product

In any exchange, the fundamental dynamic is simple: takers pay fees to trade immediately, while makers earn positive-EV and rebates for posting standing orders. But Wall Street’s traditional metrics miss what’s actually driving value in pre...

2 months ago
8
4

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Authors

The writers behind this newsletter.

  • Adhi Rajaprabhakaran

    Prediction market trader for 5 years, 3 of them for Kalshi. Washed and writing commentary now. Open to consulting: https://eightyhi.notion.site/fiftycentdollarsconsulting

  • Chris Dierkes
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