Subnet Session with Iosif & Harry from Djinn: Subnet 103

About this episode

The episode discusses the pivot from Handshake to the Djinn project, focusing on a new betting network that connects profitable bettors with recreational ones.

This session starts with Mark and Siam briefly addressing the decision to pivot away from “Handshake”: it didn’t gain the traction they hoped, the team’s focus drifted toward building trading/mining “skills” that didn’t feel like a scalable revenue path, and they chose to “rip the band-aid off” rather than keep a zombie project alive. They argue that in AI (especially on Bittensor) things change fast, so it’s better to redeploy talented builders quickly, even if that decision attracts criticism. The main segment features Subnet 103 “Djinn,” led by Harry Crane (stats professor with deep prediction markets/sports betting background) and Iosef Gerstein (finance + scientific startups). Djinn’s core idea is a “genius–idiot network”: profitable bettors (“geniuses”) have an edge but get limited/banned by sportsbooks, while the mass of recreational bettors (“idiots,” i.e., accounts that can still place bets) can execute. Djinn is building a trustless, privacy-preserving information exchange to connect the two—geniuses sell time-sensitive betting signals, buyers execute them wherever they have access (Bet365, Polymarket, etc.), and the protocol uses Bittensor miners/validators for…

People in this episode

Hosts: Mark Creaser, Siam Kidd

Guests: Harry Crane, Iosef Gerstein

Topics covered

• AI
• betting
• privacy
• information exchange
• trading
• mining

Keywords

• Djinn
• Bittensor
• betting signals
• transaction fees
• privacy-preserving
• AI
• sports betting

Mentioned in this episode

Organizations: Djinn, Bittensor, Bet365, Polymarket

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