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Prediction-markets intelligence

Every important prediction-markets development. Five minutes or less.

The PM Pulse is a daily newsletter, Monday through Friday at 6:00 AM ET.

SubscribeLatest: The PM Pulse 053 →

Vision

Build an intelligence layer for prediction markets.

01Daily 53issues The PM Pulse The daily newsletter. Every important prediction-markets development in five minutes or less, Monday through Friday at 6:00 AM ET. 02Weekly 6weekly reports The PM Scoreboard Weekly trading volume across CFTC-regulated exchanges, powered by data partner Aldrin. 03Features 3founder features The PM Spotlight In-depth conversations with the founders building prediction-market companies.

01Daily · Mon–Fri · 6:00 AM ET

The PM Pulse

Every important prediction-markets development in five minutes or less.

All 53 issues →
Cover of The PM Pulse 053 Latest issue · The PM Pulse 053 New York sues Polymarket, Liga MX v. Kalshi, and Public × Kalshi AI agents Read on Substack →
  1. Kalshi’s NJ SCOTUS extension, DKeX combo rebates, and Kevin Costner’s Ranch Retreat The PM Pulse 052,
  2. CFTC mention markets advisory, Kalshi margin filing, and volume scrutiny The PM Pulse 051,
  3. Polymarket football fee holiday, Kalshi volume drama, and Ireland hub The PM Pulse 050,
  4. Missouri sports C&Ds, Tunica-Biloxi × Kalshi, and Polymarket Midterms Hub The PM Pulse 049,
  5. CFTC Letter for passive software front ends, Polymarket DeFi waives football fees this weekend, and Genius Sports launches Prediction.com The PM Pulse 048,

02Weekly · Powered by Aldrin

The PM Scoreboard

Weekly trading volume across CFTC-regulated exchanges.

All 6 Scoreboards →

Data partner

Aldrin

Trading volume data is confirmed by each exchange or its employees, through the Aldrin partnership.

  1. Scoreboard006 Week of September 15 – 21, 2026 Published
  2. Scoreboard005 Week of September 8 – 14, 2026 Published
  3. Scoreboard004 Week of September 1 – 7, 2026 Published
  4. Scoreboard003 Week of August 25 – 31, 2026 Published

03Founder & company features

The PM Spotlight

In-depth conversations with the founders building prediction-market companies.

All 3 Spotlights →
  1. The PM Spotlight 003 cover The PM Spotlight 003 STX Justin Deutsch Co-founder and CEO
  2. The PM Spotlight 002 cover The PM Spotlight 002 SX Bet Andrew Young Co-founder and CEO
  3. The PM Spotlight 001 cover The PM Spotlight 001 Novig Jacob Fortinsky Co-founder and CEO

Inside the daily Pulse

Trader Notes

An occasional section of trader analysis in The PM Pulse.

All Trader Notes →
Trader Notes · The PM Pulse 042 · Sep 10, 2026

Kalshi microstructure in the NFL opener

By Aaron Courtney @probaaron, Resolution Pending

  • After the final whistle, Seattle holders sold 572k contracts at 99¢ rather than wait for the $1 settlement – whoever was resting at 99¢ earned the last cent on every fill.
  • Of 58.8M contracts traded across both markets, 11.0M printed before kickoff and 47.8M during the game.
Read the full note in The PM Pulse 042 →

Support

Sponsors & Partners

Details →

  • Lead sponsor

    White Swan Predicts

    Lead sponsor of The PM Pulse.

  • Sponsor

    EDGE Markets

    Sponsor of The PM Pulse.

  • Data partner

    Aldrin

    Data partner for The PM Scoreboard.

Founder

About

Full bio & values →
Sam Schwartz

Sam Schwartz

Founder, The PM Pulse · @samschwartz71

Sam Schwartz is the Founder of The PM Pulse – the intelligence layer for prediction markets. The PM Pulse is built on three pillars: a daily newsletter (Pulse), takeaways from interviews with founders (Spotlight), and weekly trading volume analysis (Scoreboard). It launched in July 2026, and its readers include 300+ founders, executives, and leading traders in the industry.

Previously, he spent one year on the Operations team at ProphetX and two years in investment banking in HSBC's Financial Sponsors Group. He earned his B.S.B.A. in Finance and Accounting from Georgetown University.

Vision

Build an intelligence layer for prediction markets.

Values

  1. 01

    Clear, concise, yet thorough and comprehensive

    Efficient without being thin.

  2. 02

    Absolutely no fluff

    If you read the daily newsletter each morning, you will never miss an important update.

  3. 03

    No AI slop

    Content is curated and written with rigor, not generative filler.

  4. 04

    Accuracy and rigor on The PM Scoreboard

    Trading volume data is confirmed by each exchange or its employees, through the Aldrin partnership.

The PM Pulse · Monday through Friday, 6:00 AM ET

Every important prediction-markets development, in five minutes or less.

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