The Leviathan
A weekly read on what the smart money is pricing. One tight briefing on the biggest whale moves of the week, the cross-venue spreads worth watching, and the catalysts on next week's tape.
Drop your email · New issue every Sunday
Read by traders at Polymarket, Kalshi, and a few funds we're not allowed to name.
/ what's inside
Four sections. Ten minutes. Everything that matters.
Whale Board
The week's biggest wallet moves on Polymarket and Kalshi — entries, exits, and conviction.
Spread Watch
Cross-venue mispricings worth a look. Same event, different price, different size.
Catalyst Calendar
What's on the tape next week — Fed prints, court rulings, sports finals, earnings.
Resolution Risk
The fine print that decides the payout. Every Sunday: which markets have shaky resolution sources, ambiguous wording, or contested settlement risk.
/ archive
Recent issues
- #003Coming soon
The Kalshi/Polymarket arb that nobody's talking about
Same election market, 4-cent spread, persistent for 36 hours. We map the flow.
- #002Coming soon
Five wallets quietly fading the recession trade
PnL leaderboard top-10 has been short the recession-by-2026 market for two weeks.
- #001Inaugural issue
Whales loaded the Fed cut. Did you?
Three top-100 Polymarket wallets built positions hours before the September FOMC.
Get the first issue this Sunday.
Drop your email. We'll send a confirmation, then The Oracle every week.