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@LumeForecasts

I Love Prediction Markets | 22 | NYC

New York, NY Katılım Temmuz 2024
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Lume
Lume@LumeForecasts·
As I transition from freelance PM trader to full-time work, I wanted to share a few thoughts from the past few months in the community. First, the people trading these markets are incredibly sharp. One of the best parts of the community is the niche knowledge people bring and how willing they are to share it. The future of prediction markets will be driven by creators. With all the misinformation and noise around PMs lately, it’s important for those in the space to actively push back and highlight the value these markets provide. There also needs to be stricter enforcement around insider trading and the removal of markets too vulnerable to insiders. One other note: Kalshi could do a better job continuing conversations with members of the community. This is both a personal complaint and something many have experienced. That said, Jake is easily the best employee on the Kalshi team. He is always responsive, helpful, and genuinely engaged with the community. The prediction market era is just getting started. As more institutional money enters the space, markets will naturally become more efficient. So enjoy the edge while it lasts. Lume’s Awards: Creator of the Year: @PredMTrader Trader of the Year: @catboyautist Rookie of the Year: @rigatohni Gooch of the Year: @Goochmunster Fish of the Year: @AzuulOnKalshi
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Benjamin Freeman
Benjamin Freeman@benwfreeman1·
DEVELOPING: The Kalshi odds of the DHS being funded before April 8 shot up from 2% to 85% on the news that Congressional leaders have agreed to end the DHS shutdown and fund TSA without additional ICE and Border Patrol funding
Benjamin Freeman tweet media
More Perfect Union@MorePerfectUS

BREAKING: Congressional leaders have agreed to end the DHS shutdown and fund TSA, without additional funding for ICE and Border Patrol. The deal comes after thousands of TSA workers went weeks without pay and missed more than $1 billion in wages.

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Lume
Lume@LumeForecasts·
In a world of alpha hidden behind paywalls, Gavin continues to give some of the most valuable insights in all of MM. Can’t think of a better way to gain EV on these matchups than following @BuriedTreys.
Gavin@BuriedTreys

Illinois / UCONN Both these teams rank outside the Top 330 in Average Offensive Possession Length, so expect tempo akin to your grandmother and her bingo friends doing walker races down the retirement home hallway. They’re also two of the best teams in the country at leveraging their spacing and shot gravity while still utilizing elite post threats within the scope of their concepts. How they accomplish those things offensively is completely different. Same thing on the defensive end with comparable foundational concepts but much different execution Now the obvious. Yes, these teams played earlier in the year. Typically, we would tend to value that to some extent, but thankfully, @matthewwinick laid out just HOW different rotationally that matchup was compared to where we are with these teams today. Keaton Wagler hadn't gotten the keys to the car yet, Tarris/Mullins were working back from injury, and UCONN grabbed 35% of their misses while Illinois shot under 21% from 3. Honestly, just chuck that game to the wind Credit to Hurley and staff, UCONN paved the way to a 2H comeback in the E8 thanks to a mid-game adjustment that looked to take away Duke’s ancillary players while taking their chances with Cam straight up. In the 1H, Cayden Boozer was quite literally statistically perfect, Sarr got a couple 3’s down, and Evans mixed in a handful of points, but all 3 of them combined had 6 points in the 2H after 26 in the 1H. Duke is also a much more helio-centric offense that is heavily reliant on one guy to do a lot of work (esp. w/ Foster at <100%), so you can get away with trying to play that game in that type of matchup, especially if you trust your post defense in that 1-on-1. Illinois is much tougher to do that against given the balanced shot/usage distribution throughout that lineup. While these teams look to stress defenses with their spacing, UCONN does most of their damage away from the ball while Illinois is your typical ball screen-driven attack. For all the tempo concerns in this game, these offenses do actually have paths to efficiency on both sides. While Illinois is ELITE in post-up defense given their frontline size, Tarris has now absolutely chewed through Duke & Sparty, two similarly massive frontcourts who deny the rim, in the last 2 games. For all the concerns UCONN will have defending Illinois' booty ball, the Illini will have similar issues with those bigs chasing guys through screens all game Which brings me to the 4-spot. You have one helluva push-pull at the PF position in this game. And it’s rare for me to focus on an individual matchup that doesn’t involve POA point guards or centers playing in non-rotation-based defenses. It’s too easy to force switches via ball screens or off-actions for scout-conscious coaches in 2026. But for every advantage that Mirkovic will have backing into the post on smaller bodies will be the same advantage UCONN has forcing those lumbering bigs to guard in space, which they don't see much of in the B10. Piggybacking on that last sentence, there are surprisingly few B10 offenses that are heavily driven via off-ball screening actions to free up shooters. A lot of that likely has to do with the ridiculous amount of point guard talent in the conference who can create on the ball, but that also means Illinois hasn’t seen a ton of UCONN’s style this year. Look at their run in the tournament. Houston, Iowa, and VCU are all offenses who operate massively on-the-ball through their lead guards. This is much different. One team that does do a ton away from the ball in the B10? A Nebraska offense who beat Illinois in Champaigne and led by as much as 7 partway into the 2H before the Illini size & shotmaking eventually took over. Small sample obviously but it does speak to some of Illinois’ potential issues defending away from the ball with their size. Onto the defensive side. As I alluded to, both of these teams tend to go about things in different ways, even if they’re both heavily antically minded units that try to funnel opponents into difficult midrange shots off the bounce. The reason I loved Illinois over Houston offensively had to do with their ability to avoid turnovers, space the floor, and have multiple on-ball operators to play through at any point of the shot clock. While UCONN’s hard hedge is obviously not as aggressive as Houston’s, it’s still a similar-looking coverage that Illinois has POUNDED all year. As soon as you have to even show your big, much less commit him to a double team, Illinois is already tall enough to pass over swarming defenders, everyone other than Stoj is a REAL 3P threat, and so they tend to turn that gameplan against opponents more often than not (and in some spots, in a MAJOR way). When you look at Illinois defensively, if Bama was literally the tallest team in the country per KP, they would be Illinois. Illinois is DEAD LAST nationally forcing turnovers, opting for less aggressive closeouts in lieu of being able to send their elite positional length to the glass in numbers. Underwood has always had elite Defensive 3PRate marks throughout his career, but with this bigger lineup, they have pivoted to being more gap-conscious than in years prior, opting for forcing defenders to hit perimeter shots over their positional length. Now look at UCONN. There are two teams that tended to fare best against them, especially defensively, and that was the two teams in the Big East who heat up the ball most in Seton Hall & St. John’s. Illinois is not just the ‘opposite’ of that in a hyperbolic sense, but they are quite literally the furthest D1 data point away from that. I tend to think if you don’t make this UCONN offense uncomfortable, and you let them run their stuff throughout the entire shot clock, on top of having questions with how you switch your bigs away from the ball…that most certainly sets up well for the Huskies offensively Looking at more individual stuff, the Silas Demary injury status has now reached genuine level of concern. Malachi Smith is more than formidable as a backup point guard for an elite team, especially with the way he can initiate offense for himself and others on the ball. It’s difficult not to look at his recent production and say that the additional minuteload at the expense of Demary’s ankle has been somewhat of a blessing. I also tend to not buy that as much when UCONN offensively is heavily driven off the ball, Smith is probably the worst defender on the team, and fully healthy Demary conversely may be one of the better POA defenders in the country at his size and physicality. MAYBE the extra couple day turnaround helps. Tend to think it can’t hurt, and that his minutes cannot really be any lower than the past couple games with how horribly he’s played in a couple spots. But they will NEED Demary defensively against the 3-headed ball screen monster of Illinois I probably buried one of the leads a tad here. But Tarris Reed is likely MVP of the tournament at this point. If you told me an outlandish lie like his mother was a Russian ballerina, I may even buy it with some of the footwork that wagon has displayed, not just in this tournament, but all year as well…when he hasn’t fouled. I won’t rehash all the Tarris Reed foul concern worries of previous tweets, but they all still very much exist. And even though he only lost a couple minutes at the end of the 1H in the Duke game due to semi-foul trouble, that doesn’t mean he has cured those issues. But enough of that. I tend to bet that players won’t foul while still accounting for the fact that they could by utilizing stuff like ‘alts at smaller stakes'. If he doesn't foul, he has 20pt upside, but it's tougher to factor edge on a median outcome when the range is so wide. Tend to think Karaban/Mirk are in pretty favorable prop spots given the matchups, but AK hasn't inspired a ton of confidence and the shotmaking has been up and down for a lot of the year. Should get his perimeter looks but it comes down to efficiency, which I think could be better-than-usual with the potential for high-quality Catch & Shoot 3s vs that Illinois defense. Karaban also probably is forced into a bit more usage (esp. if Tarris fouls or struggles) if Demary is still <100% like I think he is One of these Illinois guards is likely going to eat. Underwood is going to find a mismatch he likes and go to it over, and over, and over, and over again. It's just hard to guess which one it will be, although Boswell has certainly taken a backseat in the usage department during the postseason, so I tend to lean Wagler/Stoj. That being said, if Malachi Smith is still splitting point guard minutes with Demary, Boswell can stuff him in a locker physically. Wagler/Stoj will draw pretty soft individual matchups no matter who UCONN throws on them. Probably prefer Wagler over Stoj given Stoj can be much more feast-or-famine in games compared to KW's consistency

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Lume
Lume@LumeForecasts·
@benwfreeman1 Me trying to dissect this post for alpha
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Benjamin Freeman
Benjamin Freeman@benwfreeman1·
James Fishback has a 53% chance to get at least 5% of the vote in the Florida Republican Governor's Primary, and a 10% chance to get at least 30% What share of the vote do you think he'll ultimately get?
Benjamin Freeman tweet media
James Fishback@j_fishback

On November 24, I entered the race for Florida Governor because I love my state, but I hate that too many people in it are hurting. The young couple in Fort Myers who can't afford to buy a home, the Korean War veteran from Niceville who can't get timely access to VA healthcare, the senior in Lake Placid wondering how she'll afford skyrocketing property tax and insurance. Florida is the greatest state in the country, but that means little when the people who made it great can no longer afford to live here. Over the past four months, I have crisscrossed this state and listened. Not just to what keeps people up at night, but to what gets them out of bed in the morning, from the excitement of a small business owner opening a community bookstore in Arcadia to the joy of a newlywed couple expecting their first child. This race was never about Congressman Donalds versus me. We are not enemies, we are rivals with competing visions for our state. His vision is to make Florida the financial capital of the world, speed up the construction of AI data centers, and reduce permitting to allow billionaire homebuilders to build hundreds of thousands of new homes on our precious land. That is his Florida. It is not mine. This race is not about the "who," it's about the "what." Byron Donalds is running for New Florida. I am running for Old Florida. New Florida means AI data centers, a financial capital, and rapid development that communities are desperate to slow down. Old Florida is the Florida of my childhood and my father's childhood, slow-paced yet prosperous, developed yet ever-conscious of conservation, and economically dignified so that young couples can buy a home before 30, raise a family on a single income, work 40 hours a week without living in poverty, save for retirement, and when it's all said and done, retire with dignity. That is Old Florida, and that is what I'm running to revive. Last month I announced that we had begun our search for a running mate, not someone who would merely sit on the ticket, but someone who would crisscross this state and hear the stories of fear, hope, and faith, someone who would meet with U.S. Sugar workers in Clewiston and truck drivers in Crestview. Today, I'm proud to share that we have narrowed that search to 3 extraordinary individuals. I've had the privilege of meeting with all 3, and we will make our announcement soon. James

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Benjamin Freeman
Benjamin Freeman@benwfreeman1·
BIG NEWS: I’m joining the Kalshi team! My main goal is going to be growing Kalshi’s political / election markets in terms of visibility, volume, and influence, and showing the world why these markets are so important. This means that I have given up trading on Kalshi. While I loved being a trader and loved giving away “alpha” to my followers, I can no longer do so due to Kalshi’s policies. It was a hard tradeoff for sure. From my days of interning at the White House, starting my own election prediction Youtube channel, to starting trading on Kalshi’s election markets in October 2024, politics, and specifically predicting elections has always been my passion. Since starting tweeting in October 2025, I wanted to show a new audience of why I believe in the power of election prediction markets. I’ve 20x’ed my followers since starting then, and have had a blast doing it along the way with y’all. Now, my goal is to drive liquidity to these markets and make them a bigger part of the cultural zeitgeist and political landscape. Having very liquid, high volume political prediction markets makes our political system better. More accurate forecasts benefit traders and non-traders alike, and growth in political prediction markets translates into higher participation and interest in our political system, which is good for democracy. These markets are built on rationality and probabilistic thinking, which is desperately needed in today’s corrupted information environment. These markets can be incredibly useful for campaigns, political commentators, casual political viewers, fundraisers / bundlers, investors wanting to hedge political risk, investors wanting political exposure, small dollar campaign donors, academics, and everyone in between. Political prediction markets are for everyone. I’m really excited to be a part of the team that mainstreams these markets. Feel free to reach out to me, if you have any ideas on how to grow Kalshi’s political / election markets! Thank you, all!
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Lume
Lume@LumeForecasts·
@DustinGouker @realTomBayes There’s probably a middle ground where both can be true. This is why teaching how odds and markets actually work matters. People can understand the difference, not just be told it’s one thing or the other. Ironically, this feels like a great conversation to have on the podcast.
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Dustin Gouker
Dustin Gouker@DustinGouker·
@LumeForecasts @realTomBayes I think there’s a lot of good to understanding odds and betters and it should actually be taught in schools! I am willing to rethink it. I think of my reticence is that so much of the industry insists no gambling is going on, and it’s not a great entry point.
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Plus EV Analytics
Plus EV Analytics@PlusEVAnalytics·
This kid is 13? What the heck?
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Lume
Lume@LumeForecasts·
@DustinGouker @realTomBayes I get the parental instinct But if it’s sports-based and purely analytical, isn’t it closer to studying odds and probabilities than gambling? Especially if he’s not actually participating
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Dustin Gouker
Dustin Gouker@DustinGouker·
@LumeForecasts @realTomBayes Fair enough. I have a daughter and honestly not sure how I would feel if she were doing and this. That’s my starting point. What if a 13 year old were doing it but looking at purely through sports events? I know that’s different but you are also exposed to it at Kalshi.
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Lume
Lume@LumeForecasts·
@DustinGouker @realTomBayes Big Dustin Gouker fan here 🙋🏼‍♂️ Respectfully, I don't love this take. There's a difference between participating and learning. Nothing wrong with younger people studying and educating others on markets whether it’s stocks, crypto, or prediction.
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Dustin Gouker
Dustin Gouker@DustinGouker·
@realTomBayes @PlusEVAnalytics I am super supportive of you writing, but not sure how I feel about writing about something that you're not legally able to do for five more years. And that no matter what people say, has overlap with gambling. But I wish you luck with your podcast and Substack.
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Lume
Lume@LumeForecasts·
@GaetenD Can’t imagine your stress throughout this insanely volatile market. I imagine this vacation is much needed. Enjoy
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Gaeten Dugas
Gaeten Dugas@GaetenD·
I’m not going to be on a Kalshi and Twitter all weekend on my trip so I’ll just accept my big L. I think my big mistake on this one was treating it like a regular shutdown when it wasn’t. And with Trump’s EO as a backstop it was a rare chance to push back on the Senate.
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Luana Lopes Lara
Luana Lopes Lara@luanalopeslara·
The people behind the markets indeed!
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Lume
Lume@LumeForecasts·
It’s been 2 weeks since I stopped daily mention market trading I hate the real world. Life was better in the Mention Market Discord Now I wake up, check nothing, dream of Trump rallies, and have nightmares of Lawrence O’Donnell
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Prediction News
Prediction News@PredictionNews_·
We’re building a new platform to answer: "Who is actually likely to win an election?" 🗳️ It merges prediction market odds, polling, fundraising data, and other data points into one view. I’m looking for a few users to tear it apart in a private beta. 💰 $50 Amazon gift card for a 30-min Zoom feedback session. Book a spot here: calendar.google.com/calendar/u/0/a…
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Lume
Lume@LumeForecasts·
Polymarket affiliate btw Disgusting.
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Lume@LumeForecasts·
@dumborambo_ I don’t believe I’ve related more to a tweet in my life. It was more fun when less people knew about it
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dumbo
dumbo@dumborambo_·
The lifecycle of my fixation on prediction markets is coming to an end. I need to convince myself of some lie to get motivated again.
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Lume
Lume@LumeForecasts·
@rigatohni I think posting your picks makes them lose
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Lume@LumeForecasts·
@JustinHerzig NY resident here, have to get exposure somehow!!
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Justin Herzig
Justin Herzig@JustinHerzig·
If I win Kalshi’s billion dollar perfect bracket contest, I will give a million dollars to everyone that retweets this until I’m left with only a million myself
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Lume
Lume@LumeForecasts·
@theduckguesses Holy moly!!! The Duck has become the goat!!!
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theDuckGuesses
theDuckGuesses@theduckguesses·
2026 is proving to be even better than 2025 -- I reached 600k profit on Kalshi last month on the back of the Super Bowl and the State of the Union markets.
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Lume@LumeForecasts·
@benwfreeman1 Climate markets are primed for insurance companies to hop in
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Lume@LumeForecasts·
@rigatohni Happens to the best of us. Bernie never wanted us to be billionaires anyway.
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