On this episode of Prediction Market Movers, Chris Gerlach is joined by Gaeten Dugas, a top-100 Kalshi trader, for a deep dive into how experienced traders approach culture markets, political prediction markets, and insider trading risk.
Gaeten explains why his trading starts with genuine interest, from politics and government shutdowns to music, movies, and pop culture markets like Spotify charts, Rotten Tomatoes, Taylor Swift, and Super Bowl halftime props.
He breaks down how prediction markets help remove emotion from political analysis and why “skin in the game” produces better forecasts than traditional punditry.
The conversation also tackles one of the biggest issues facing prediction markets today: insider trading and data leaks. Gaeten shares firsthand experiences with suspicious Spotify market movements, explains how traders protect themselves from leaked data, and reacts to Kalshi’s newly announced insider trading safeguards and integrity tools.
1:00 - Getting into culture markets
3:00- Approach to trading
4:00 - Will PM traders get mainstream coverage
6:20 - What markets he is monitoring
9:40 - Requesting markets
10:30 Guarding insider trading
12:40 - Deciphering insider trading
14:00 - Markets he avoids
15:30 - When the price is right
17:00 Feeling secure with markets
20:30 How should Kalshi handle insider trading
23:15 - Balancing the markets
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