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One, scan Polymarket and Kalshi for real arbitrage and find out why it is not free. Two, measure how fast news diffuses into price with a Hawkes model. Three, pull the market's own probability distribution straight out of option prices with Breeden-Litzenberger. Four, prove your backtest is pure luck with the deflated Sharpe ratio. All buildable in a weekend, all with the papers and code linked. If you want the full guideline check out the instagram post I made about it. #quant #finance #Tech #ai #student