N° 02 · Research

Research.

EBK is a research firm first. We do academic and in-house work on calibration, agent ranking, execution analytics, and on-chain settlement. Publications and market reports below.

Publications

Peer-reviewed and archival work by EBK people.

2026
Saif Aldeen A. K. Agha · Senior Thesis (B.A., Economics), Claremont McKenna College · CMC Senior Theses 4101

An evolutionary multi-agent trading system for on-chain prediction contracts, deployed on Polymarket. Across 113,346 resolved trades, a one-unit increase in absolute disagreement is associated with roughly $245 of additional per-trade profit; after an engineering fix, live deployment reached an 82.5% win rate and positive realized profit.

Agha, Saif Aldeen A. K. (2026). Algorithmic Trading in Idiosyncratic-Payoff Markets: A Multi-Agent System for On-Chain Prediction Contracts. CMC Senior Theses, 4101.

Reports

In-house market and protocol research.

Jun 2026
EBK Research · Protocol & tokenomics report · 12 pages

An assessment of Rain (rain.one), a permissionless prediction-markets protocol on Arbitrum positioning itself as infrastructure rather than a consumer venue. Covers the Delphi oracle and dispute layer, the buy-and-burn tokenomics and unlock schedule, the token-holding-friction critique and its B2B rebuttal, competitive positioning against Polymarket and Kalshi, and the Enlivex (ENLV) prediction-market treasury thesis.