JournalThe research
The research
desk.
Data-backed guides to prediction markets: wallet P&L, whales, smart money, clusters, and how Polymarket, Kalshi and Hyperliquid actually work. Every number is sourced and dated.
Field notes from the Implyra research desk3 articlesLatest
The latest01
Wallet research5 min read
What a prediction-market wallet’s P&L actually tells you
Read profit, entry price, open exposure and win rate together. Two worked examples show why the definitions matter.
Read the noteMore from the desk
Market structure
Developer notes
Reports
Guides explain the method.
Reports apply it to one market.
Investigations into specific markets and wallets, with the queries and frozen data behind every number.
Read the reportsGood research starts
with a better question.