About
On this episode of the Business of Betting podcast, Jeff Edelstein is joined by Justin Herzig, Co-founder of PredictQ, to discuss his journey from DFS and fantasy sports to prediction markets and his approach to finding new edges as markets evolve.
Hear them discuss:
Justin’s evolution from Yahoo fantasy leagues and DFS to Best Ball, showdown formats, simulations, and prediction markets.
How he identifies new opportunities, finds emerging edges, and knows when it’s time to move on from a market.
PredictQ’s mission to provide prediction-market content, tools, research, community, and price discovery for traders.
Why prediction markets still offer opportunities in niche and less-liquid markets despite sophisticated market makers.
The learning curve around prediction markets, including pricing, fees, liquidity, order books, and market-making versus market-taking.
Justin’s record of five consecutive Best Ball Mania finals and how portfolio diversification helped him manage variance and injuries.
Why he believes DFS has become more stagnant as prediction markets and other betting products attract more attention and marketing investment.
The future of sports prediction markets, including potential regulatory changes and the need for clearer rules around certain markets.
How PredictQ aims to combine the community and educational elements of DFS platforms with market discovery, research, price comparison, and eventually direct trading.
Justin’s approach to finding edges in prediction markets, using his own trades and models to develop new tools while continuing to adapt as the market matures.
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