Proprietary tradingPrediction & event markets
POK Capital
We trade our own capital. Our systems price the same outcome on two venues and take both sides when the numbers don't agree.
01 — Firm
We trade our own book.
We started in 2025. There is no outside capital, no clients and no fund behind us; the money at risk is ours.
Our market is exchange-traded event contracts, on venues like Kalshi and Polymarket US. Prices there are probabilities, which makes a disagreement between two venues something you can measure rather than argue about.
We are a small team and we intend to stay one. Everything that touches an order was written here, which is the only way we know to be certain what the system will do at four in the morning when nobody is watching it.
- Founded
- 2025
- Capital
- Own balance sheet only
- Venues
- Kalshi · Polymarket US
- Based
- California & Ohio
02 — Strategy
The same outcome, priced twice.
Two venues list the same event and their prices drift apart. Different order flow, different fees, different people paying attention. When the gap is wider than what it costs us to trade it, we take both sides and hold the pair to settlement. We aren't predicting the game. We're trading the disagreement about it.
shaded = below our cost to trade
Hedged at entry
We don't leg into a position and hope the other side is still there. Both sides go on together, or the trade doesn't happen.
Priced, not forecast
Nobody here has a view on who wins. The only question is whether the two prices add up to less than a dollar.
The bar is a number
Most of what the system sees, it turns down. Edge is thin and it goes away fast, so the decision to trade is arithmetic, not judgment.
03 — Platform
We built the whole stack.
Market data, pricing, execution, hedging and reconciliation are all ours. That is less a point of pride than a constraint: the edge lives in the gap between seeing a price and holding the position, and that gap isn't something you can outsource.
04 — Risk
Most of the code is there to stop us.
Every order passes limits that were written before the market opened. The interesting part of the system isn't the part that trades — it's the part that decides not to.
Limits live in the code
Per-order, per-event and firm-wide caps, checked before anything reaches a venue rather than reported after it did.
It stops itself
A stale book, a fill we can't explain, a venue behaving oddly. The system halts and pages us instead of trading through it.
Nothing carries unhedged
Unmatched exposure is measured continuously and closed out. We don't hold a naked leg overnight to see how it turns out.
Reconciled against the venue
Every position is checked against venue records through settlement. If our books and theirs disagree, trading stops until we know why.