Senior Trader, Market Making

Fanatics Betting & Gaming; Denver (CO); On-site; USD 150,000 - 230,000; Full time

Job summary

Fanatics Betting & Gaming is building its Fanatics Markets trading desk and seeks a Senior Trader with hands-on market making experience to scale liquidity across sports and event-driven contracts. You’ll design real-time fair-value models and partner with quants, product and engineering to productionize pricing.

You’ll monitor risk, manage a live book under time pressure, oversee P&L, and mentor junior traders as the desk expands into new markets.

Qualifications

• Bachelor’s degree or higher in a technical/quantitative field.
• 5+ years in market making or derivatives trading.
• Experience with prediction or financial markets and liquidity dynamics.
• Ability to manage a live book under time pressure.
• Strong cross-functional communication with product, quant, and engineering.
• Familiarity with regulated markets and exchanges.

Responsibilities

• Make markets and manage risk across sports and financial prediction contracts.
• Design and develop models to generate real-time fair values for event-driven outcomes.
• Partner with quants, product and engineering to productionize models for live trading.
• Monitor, validate, and iterate on production models, improving predictive accuracy and trading outcomes while ensuring robustness and operational stability of pricing models.
• Identify and execute market-take opportunities arising from model insights and prediction-market dynamics.
• Design & implement trading strategies to maximize volume and revenue while scaling automated decision-making.
• Manage forecasting along with P&L reporting.
• Monitor exposure limits and elevate risk issues.
• Partner with product, quant, engineering, and compliance teams to launch new markets and contract types.
• Help mentor junior traders and shape trading desk processes as the team grows.

Skills

Market making

Risk management

Quantitative modelling

Trading desk experience

Communication skills

Cross-functional collaboration

Education

Bachelor's degree in a technical or quantitative field

Tools

Python

Statistical software

Job description

Fanatics is building a leading global digital sports platform. We ignite the passions of global sports fans and maximize the presence and reach for our hundreds of sports partners globally by offering products and services across Fanatics Commerce, Fanatics Collectibles, and Fanatics Betting & Gaming, allowing sports fans to Buy, Collect, and Bet. Through the Fanatics platform, sports fans can buy licensed fan gear, jerseys, lifestyle and streetwear products, headwear, and hardgoods; collect physical and digital trading cards, sports memorabilia, and other digital assets; and bet as the company builds its Sportsbook and iGaming platform. Fanatics has an established database of over 100 million global sports fans; a global partner network with approximately 900 sports properties, including major national and international professional sports leagues, players associations, teams, colleges, college conferences and retail partners, 2,500 athletes and celebrities, and 200 exclusive athletes; and over 2,000 retail locations, including its Lids retail stores. Our more than 22,000 employees are committed to relentlessly enhancing the fan experience and delighting sports fans globally.

About the role

Fanatics Markets is Fanatics' prediction market platform, letting users trade contracts across sports, finance, economics, culture, and crypto. We're building out our trading desk to provide liquidity, manage risk, and ensure tight, fair markets across our contract slate. We're looking for a Senior Trader with hands-on market making experience to help scale this function as we expand into new states and asset classes.

What you'll do

• Make markets and manage risk across sports and financial prediction contracts
• Design and develop models to generate real-time fair values for event-driven outcomes
• Partner with quants, product and engineering to productionize models for live trading
• Monitor, validate, and iterate on production models, continuously improving predictive accuracy and trading outcomes while ensuring robustness and operational stability of pricing models
• Identify and execute market-take opportunities arising from model insights and prediction-market dynamics
• Design & implement trading strategies to maximise volume and revenue while scaling automated decision-making
• Manage forecasting along with P&L reporting
• Monitor exposure limits and elevate risk issues.
• Partner with product, quant, engineering, and compliance teams to launch new markets and contract types
• Help mentor junior traders and shape trading desk processes as the team grows

What you'll bring

• Bachelor's degree or higher in a technical or quantitative discipline (e.g., Mathematics, Statistics, Computer Science, Physics, Economics).
• 5+ years of professional trading experience in market making, options/derivatives, prop trading, or sports betting trading
• Experience with prediction or financial markets – market structure, pricing mechanics, and liquidity dynamics
• Experience managing a live book under time pressure, with sound risk discipline
• Strong grasp of trading concepts, with the ability to think critically about uncertainty and model assumptions
• Strong communication skills and ability to work cross-functionally with traders, product and engineering teams
• Familiarity with CFTC-regulated markets, exchanges, or clearing houses
• Interest in sports and event-driven markets

Depending on the role, your interview and onboarding experience may include in-person components, such as onsite interviews or Launching into Better: LIVE—a multi-day cultural immersion in New York City for full-time, non-seasonal hires. These sessions are designed to build connection and bring our culture to life, though specific travel and participation requirements will be confirmed based on your role and location. Your recruiter will provide clear guidance at each stage of the process.

Ranges will change based on country and state of residence, which are reflected in Geographical Zones defined by Fanatics Betting and Gaming. The range incorporates all of our Geographical Compensation Zones and is subject to change as the Zone associated with the actual offer is confirmed. In addition to the base and bonus, full-time employment, and more. For information about our benefits, please visithttps://benefitsatfanatics.com/

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