Generating Alpha Podcast Episode 39: Jeff Yass - Founder and Managing Director of Susquehanna International Group
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Oct 23, 2025 In a rare interview, Jeff Yass, founder of Susquehanna International Group and former professional poker player, delves into the transformative potential of prediction markets. He discusses how these markets can improve decision-making and expose political falsehoods, while also predicting their future role in reducing costs for insurance and hedging. Jeff highlights the psychological barriers to adoption and emphasizes the need for strong probability skills in education. With insights into market manipulation and operational decisions, his views meld finance with the art of gambling.
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Use Market Odds To Guide Big Choices
- Use prediction-market odds to inform real decisions like relocating or hedging real estate exposure.
- Jeff recommends checking market prices to get instant, crowd-sourced probabilities for decision making.
Markets As Alternative Insurance
- Prediction markets can create bespoke, cheaper insurance by pricing event probabilities directly.
- Jeff sees markets reducing overhead and making insurance more accessible and targeted.
Dual Liquidity From Experts And Institutions
- Liquidity will come from both retail experts and large institutions as markets mature.
- Jeff expects specialized small businesses and Wall Street to both provide meaningful flow.