The Wall Street Journal’s October 3 profile introduces Alcedine Technologies, founded in 2024 by Zack Chroman and Tanner Hoke. The paper reports a top-ten presence across regulated US prediction exchanges and an expansion into institutional block trades. Its low public profile contrasts with the size of the reported business. Read the profile (paywall).
One concrete piece of the surrounding infrastructure is Valence’s cross-venue terminal and API. Its own YC description offers a unified view of positions, balances and execution, plus contract matching and historical data across prediction venues. Matching matters: superficially similar questions can have different settlement rules. The company’s volume and customer-profit figures are promotional claims, so they do not establish an arbitrage return. The founders’ product explanation.