Jump Trading Doubles Prediction Markets Team to 20 as Record Event Betting Booms
Updated
Updated · Bloomberg · Jul 16
Jump Trading Doubles Prediction Markets Team to 20 as Record Event Betting Booms
2 articles · Updated · Bloomberg · Jul 16
Summary
Jump Trading has expanded its prediction-markets unit to about 20 people this year and plans to keep hiring, according to the firm’s head of prediction markets, Simon Johansen.
Record trading around major events such as the World Cup is driving the buildout, as the high-frequency trading firm bets the once-niche contracts are becoming a durable Wall Street business.
The hiring push signals growing institutional commitment to prediction markets, which are moving from event-driven speculation toward a more established corner of financial trading.