His parents spent 280,000 USD to send him to MIT to study computer science.
The script set by his family was very standard: graduate smoothly, get an offer from Google, and earn a stable annual salary of 180,000 USD.
But he spent only three weeks writing a bot in his dormitory, completely tearing up this script.
This program, named pm-timezone-arbitrage, made 4.4 million USD in the prediction market in three months. The amount Google pays in a year, his bot can print out in two weeks.
I checked the data for that address (432614799197): a total of 4,390 trades, all in sports betting, such as NFL, Premier League, and Ligue 1. There were no complex macro analyses, nor any divine predictions, just a set of cold and unsolvable underlying logic.
He was doing pure dimensionality reduction: timezone arbitrage.
The odds from Asian bc companies are always 2 to 3 hours faster than American platforms. His strategy is to closely monitor the data fluctuations of Asian betting markets, and before American traders wake up and the odds have had a chance to adjust, he preemptively places his chips on the blockchain.
By the time morning breaks in the U.S. and the market starts adjusting the odds, his risk-free profit has already been locked in.
Last week, his mother called, routinely asking if there was any reply from Google's HR.
He said he wasn't going. His mother cried anxiously on the phone.
Then he didn't explain a word and directly sent a screenshot of his account balance.
Now this account has nearly 280,000 people watching, with 1.2 million USD in positions running automatically.
And he himself still lives in a crowded student dormitory, riding his bicycle to class every day.
The diploma his parents bought for 280,000 USD, he earned back with his code in 6 weeks.
This is the truth of this market. While ordinary people are still busy polishing their resumes, top players have long leveraged information and time differences to build their own cash machines.