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Research Articles

10 posts tagged “research”.

kalshi volume market-microstructure

Reading Kalshi's Sports Volume: Notional vs. Cash

ZenHodl: $3.12B headline notional vs $1.48B taker cash across 15,808,966 Kalshi sports prints we captured (May 15 - Sep 6, 2026).

kalshi polymarket market-microstructure

Kalshi Quoted Spreads by Recorded Top-of-Book Liquidity

A dated two-day Kalshi study buckets 553,843 sampled quotes by recorded best-level notional. These are liquidity buckets, not order-size or fill-cost tests.

polymarket parlays leaderboard

Is the Parlay Leaderboard Skill or Luck? We Pre-Registered the Test

Profit leaderboards show ex-post winners. We hold the complete decoded tape of Polymarket's invisible parlay market — every loser included — so we...

polymarket kalshi parlays

We Decoded Polymarket's Invisible Parlay Market

Polymarket combos have no public listings, no order book, and no trade feed. We reconstructed the entire market from on-chain data — ~$9.5M of parlay...

research prediction-markets polymarket

The State of Prediction-Market Data in 2026: Our Recorded Coverage

An October 2026 snapshot of ZenHodl’s Polymarket, Kalshi, MLB and combo releases, with exact catalog counts, distinct clocks and measured capture limits.

polymarket kalshi market-microstructure

Polymarket–Kalshi Lead-Lag: A Sampled MLB Study

Corrected Oct 2026: a five-sport study reverses this MLB study's 32-second direction, and 1-second data shows the venues move within ~1 s.

polymarket backtesting historical-data

Backtesting Polymarket: Check Data Before Simulating Fills

Recorded Polymarket prices can replay decisions but not fills. See a checked 400-row sample, schema limits, and declared cost scenarios for backtests.

research market-efficiency polymarket

What Our Live Results Say About Market Efficiency in Sports Prediction Markets

A year of live trading data on Polymarket — what it reveals about sports prediction market efficiency, where systematic mispricing persists, and where the...

comparison calibration nba

Why We Can't Retroactively Benchmark NBA First Round 2026 — And Why That's The Point

Why the pre-committed NBA Playoffs benchmark starts at the Conference Semis: adding First Round after tip-off would un-freeze a frozen test.

calibration results research

We Audited 21 Sports Prediction Sources. Only 1 Publishes Their Calibration Error.

Our April 2026 survey of selected prediction sources examined public calibration evidence. Read the dated findings, criteria and limits.