Matt talks to Jeremy Maletz, head of prediction markets at Susquehanna International Group, about hedging goat herder risk, flow versus bespoke trading, election factor hedging, adverse selection, correlation in prediction markets, and transitioning from sports gambling to trillion-dollar data center credit derivatives. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Check out more episodes of Money Stuff: https://www.youtube.com/playlist?list=PLe4PRejZgr0Mxz914cYuVpTiUuqiF3U0x The audio companion to Bloomberg Opinion’s beloved Money Stuff column hosted by its author Matt Levine, “whose deadpan style mixes technical elucidation and wit” (NY Times). Once a week, Matt and his friend, Bloomberg News reporter and TV host, Katie Greifeld talk about Wall Street, finance and…other stuff. New episodes every Friday. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts #Money #Finance #Bloomberg #Podcast Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video