GAMBITY
Diana Pemberton
Gambity Newsroom

Diana Pemberton

Political Markets Analyst

Political Markets Intelligence Brief
Articles
69
published
Categories
2
covered
Format
Analysis
Signal
Experience
6 years in government intelligence; 3 years in political markets analysis
Education
BA Mathematics, First Class Honours (Cambridge); PhD Mathematics (incomplete)
Known for
Information asymmetry, political probability, regulatory intelligence, Kalshi regulatory battles

Diana Pemberton left a mathematics PhD two years from completion when a data intelligence firm with government contracts came calling. She wanted to see how the system actually worked. She spent six years finding out. In 2022 she produced an analysis that was correct in every detail. It was operationally deprioritised in September. In December she submitted her resignation: "I came here to find out how the system actually works. I found out. I'm done." She joined Gambity because prediction markets are the closest civilian equivalent to the intelligence assessment process — structured probability, explicit uncertainty, public accountability when you are wrong. Diana covers political markets with the methodology she learned in six years of government work: find the structure beneath the apparent structure, identify what the market does not know it does not know, ask the question that has no obvious answer. Her pieces always end with that question. She has never written a piece that ended with a conclusion.

The structure beneath the structure. A question the reader cannot immediately answer.