JobsAkuna Capital

Quantitative Researcher - Prediction Markets

Akuna Capital · Chicago, IL · Quant Research

Posted Aug 14, 2026 · We last checked this listing on Sep 20, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

Behavioral

Tell me about a time you had to take a model from research into a live production system. What broke, and how did you find out?

whether they've actually shipped models to production and own the full lifecycle rather than just building notebooks

Describe a project where you worked closely with a trading desk or another non-research team to get something deployed. What was the friction, and how did you resolve it?

whether they can translate between research and trading language and handle the compromises that come with production deadlines

What's a sport or event type you think is currently mispriced or underserved by existing models, and why?

genuine passion for sports analytics and whether they think about markets, not just models, as their real interest

Tell me about a time your model or analysis was wrong in a way that mattered. How did you find out, and what did you change afterward?

intellectual honesty and whether mistakes actually change their process going forward

Technical

Walk me through how you'd build a live win-probability model for an in-play sports contract, say a basketball game, from scratch. What data would you need and how would you update it as the game progresses?

whether the candidate can structure a real-time probabilistic model and thinks about data latency and update frequency, not just static statistics

Say you're pricing player prop contracts and your historical data has a lot of missing or inconsistent stats across different data providers. How do you handle that in your pipeline?

practical data engineering skill and awareness that messy real-world sports data is the norm, not the exception

How would you go about validating that your in-play pricing model is actually well-calibrated, not just accurate on average?

understanding of calibration versus accuracy, a distinction that matters a lot when the model sets prices people trade against

If you had to price the probability a specific player scores over a certain number of points in the next five minutes of a game, what factors would you want in the model and which would you prioritize first?

ability to reason from scratch about a novel, sport-specific pricing problem under time pressure

Explain how you'd use a Poisson or similar count-based model to price a soccer match outcome, and where you think that approach breaks down in-play.

depth of statistical knowledge applied specifically to sports modeling, and awareness of model limitations

Walk me through a machine learning or optimization technique you've used where the interpretability of the model mattered as much as its raw performance.

whether they can balance model sophistication against the need for traders to trust and act on outputs quickly

Situational

Suppose your model says a team has a 70 percent chance to win, but the market is quoting 55 percent, and this persists for several minutes. What do you do?

judgment about trusting your own model versus deferring to the market, and whether they'd investigate before acting

If you had limited engineering resources and had to choose between building a better data capture pipeline or improving the model's calibration, which would you pick first and why?

prioritization instinct and whether they understand that data quality often matters more than model sophistication

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The full job description

As published by Akuna Capital.

<p><span data-contrast="none"><span data-ccp-parastyle="Normal (Web)">Akuna Capital is an innovative trading firm with a strong focus on collaboration,&nbsp;</span><span data-ccp-parastyle="Normal (Web)">cutting-edge</span><span data-ccp-parastyle="Normal (Web)"> technology, data driven solutions, and automation. We specialize in providing liquidity as an options market maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies, and mathematical models.</span></span><span data-ccp-props="{"134233117":true,"134233118":false,"201341983":2,"335559739":300,"335559740":350}">&nbsp;</span></p> <p><span data-contrast="none"><span data-ccp-parastyle="Normal (Web)">Our Founding Partners</span></span><em><span data-contrast="none"><span data-ccp-parastyle="Normal (Web)">&nbsp;</span></span></em><span data-contrast="none"><span data-ccp-parastyle="Normal (Web)">first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to&nbsp;</span><span data-ccp-parastyle="Normal (Web)">operate</span><span data-ccp-parastyle="Normal (Web)">&nbsp;from&nbsp;</span><span data-ccp-parastyle="Normal (Web)">additional</span><span data-ccp-parastyle="Normal (Web)">&nbsp;offices in&nbsp;</span><span data-ccp-parastyle="Normal (Web)">Sydney, Shanghai, London, and&nbsp;</span><span data-ccp-parastyle="Normal (Web)">Singapore</span><span data-ccp-parastyle="Normal (Web)">.</span></span><span data-ccp-props="{"134233117":true,"134233118":false,"201341983":2,"335559739":300,"335559740":350}">&nbsp;</span></p> <p><strong><span data-contrast="none">What&nbsp;you’ll&nbsp;do as a Quantitative Researcher at Akuna:</span></strong><span data-ccp-props="{"201341983":2,"335559738":240,"335559739":0,"335559740":240}">&nbsp;</span></p> <p><span data-contrast="auto">Akuna's Prediction Markets team is looking to add a Quantitative Researcher focused on sports related contracts. The successful candidate will play a crucial role in developing Akuna’s sports pricing capabilities, working closely with development and trading teams to refine and deploy these models alongside our strategies. This position offers the opportunity to make a direct impact on an exciting new desk at Akuna. The ideal candidate will possess strong programming and analytical skills, a creative mindset, and a passion for sports. In this role you will:&nbsp; </span><span data-ccp-props="{"201341983":2,"335559738":240,"335559739":0,"335559740":240}">&nbsp;</span></p> <ul> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1"><span data-contrast="auto">Design and develop data capture pipelines to enable the pricing of a variety of sports contracts (match outcomes, player props, in-game events)</span></li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1">Develop and calibrate pricing models using historical data in service of in-play quoting of sports contracts.</li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1">Build and maintain internal tooling to facilitate all aspects of the research pipeline</li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="1" data-aria-level="1">Work closely with trading and development to deploy models into production trading strategies, bridging the gap from research to production with an ownership mentality<span data-ccp-props="{}">&nbsp;</span></li> </ul> <p><strong><span data-contrast="auto">Qualities that make great&nbsp;candidates:</span></strong><span data-ccp-props="{"201341983":2,"335559738":240,"335559739":0,"335559740":240}">&nbsp;</span></p> <ul> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1"><span data-contrast="auto">Bachelor’s, Master’s, or PhD degree in a technical field, such as Engineering, Computer Science, Mathematics, or Physics (or a related subject)</span></li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1">Proficient programming skills in Python (C++ is a plus)</li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1">1+ years of experience in a quantitative or programming role, preferably within the trading sector.</li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1">Deep understanding of fields such as Linear Algebra, Numerical Methods, Statistics, Optimization, and Machine Learning</li> <li data-leveltext="" data-font="Symbol" data-listid="3" data-list-defn-props="{"335552541":1,"335559685":720,"335559991":360,"469769226":"Symbol","469769242":[8226],"469777803":"left","469777804":"","469777815":"multilevel"}" data-aria-posinset="5" data-aria-level="1">Strong interest in sports and quantitative modeling.<span data-ccp-props="{}">&nbsp;</span></li> </ul> <p><span data-contrast="auto">We are especially interested in high agency individuals who have practical experience in financial markets and see the recent rise in prediction markets as an opportunity to ply their trade to a new domain they find more dynamic and exciting: sports. If you are a working quant and a sports data nerd, we want to hear from you!</span><span data-ccp-props="{"335559685":0}">&nbsp;</span></p> <p><strong><em>In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!</em></strong></p> <p><em>In accordance with Illinois Equal Pay Act, the minimum base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.</em></p>

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