Financial analytics and data provider Unusual Whales has launched a new set of features for prediction markets traders.
Powered by Polymarket and called ‘Unusual Predictions’, the tools include an analytics product that identifies potential insider trading.
According to the company’s website, the platform analyses large, contrarian or unusual bets. The system works by looking at new accounts that make large, concentrated bets at an unusual time.
Another tool is a whale tracker. This looks at what positions large size traders are taking and the P&L of those positions. The feature also lets you look at the track record of these traders.
The final key feature of the new prediction markets product is a tracker that looks at top performers making bets on prediction markets.
This ‘Smart Money’ feature lets users look at punters based on certain niches, like sports, finance, or politics. You can then look at their market positioning and their historical track record.
“Unusual Whales has spent years spotting potential insiders in equities, options, and politician disclosures,” said Unusual Whales. “Now, we bring that experience to prediction markets.”
Unusual Predictions is an analytics platform that lets retail traders analyse flows in derivatives and equities markets. The company also has various analytical tools, like stock screeners and options trading calculators.
The firm gained in popularity at the start of the pandemic when it published the results of US politicians trading activity. These showed politicians generating massive returns, often strongly suggesting they were engaging in insider trading.
