--- title: 'Senior Risk & Trading Analyst, Sportsbook at Magic Eden' canonical: 'https://feeny.ai/job/senior-risk-trading-analyst-sportsbook-magic-eden-melbourne-1zfkgbyjmwcx' type: 'job' last_seen: '2026-09-16' --- # Senior Risk & Trading Analyst, Sportsbook at Magic Eden - **Company:** Magic Eden - **Location:** Melbourne, Australia - **Employment:** full-time - **Work type:** remote - **Posted:** 2026-08-30 - **Last confirmed live:** 2026-09-16 - **Apply:** https://jobs.ashbyhq.com/magiceden/d0ffdca1-262a-4006-834f-b71ebe1bf152 ## Job description Magic Eden became one of the fastest companies in history to reach unicorn status, just 9 months after launch. Built on a foundation of crypto-native expertise and in-house engineering, we moved fast and proved the model. Now we’re taking that same energy into the next chapter: Dicey, our crypto casino and sportsbook platform targeting the $180B+ iGaming and sports betting markets. ## About the Role & Why It Matters As a founding member of Dicey’s Risk, Trading, and Operations function, you will act as the commercial pit boss of our platform. This is a high-ownership role managing pre-match and live sportsbook exposure. We need a sharp, high-conviction analyst who can instantly distinguish between standard recreational variance and exploitative sharp play. Balancing 360-degree cross-platform oversight across both Casino and Sportsbook, you will protect our bottom line and secure long-term margin sustainability without sacrificing customer experience. ## Responsibilities Real-Time Risk & Game Monitoring - Detect & Mitigate: Monitor live Sportsbook and Casino activity to swiftly neutralize sharp play, arbitrage, exploits, and bonus abuse. - Player Profiling: Track player profitability, betting patterns, and withdrawal velocity; manage risk actions like account restrictions or market adjustments. - Integrity Control: Analyze casino game outcomes against expected RTP to identify technical anomalies and multi-accounting. Sportsbook & Trading Support - Exposure Management: Monitor pre-match and in-play event exposure, liabilities, and market movements. - Trading Operations: Handle platform risk settings, manage feed providers, and execute bet reviews and limit adjustments. Payments, Process & Collaboration - Fraud Prevention: Review high-risk withdrawals and suspicious payment patterns alongside the Fraud/Payments teams. - Optimization & Reporting: Build data-driven risk reports and refine automated alerting frameworks and risk rules. - Cross-Team Alignment: Work closely with Trading, VIP, Product, and Support, escalating critical incidents directly to the Risk Manager. ## What You Bring - Experience: 6+ years in a Risk, Trading, or Fraud role within iGaming or Sports Betting. - Domain Expertise: Deep understanding of trading concepts (odds, liabilities, exposure) and casino mechanics (RTP, volatility). - Data & Anomaly Detection: Experience with data tools (Excel, SQL, BI) to rapidly spot sharp action and pricing inefficiencies. - Live Operations Mindset: Ability to make fast, commercial decisions in high-volume, 24/7 live environments (including shifts). - Composure & Communication: Clear articulation during escalations and a calm demeanor during high-pressure, peak-volume periods. ## About Magic Eden ## Company Overview - **One-liner**: Magic Eden is a leading cross-chain NFT marketplace and on-chain trading platform evolving into a crypto entertainment ecosystem. - **Entity Type**: Private (Series B) - **Headquarters**: San Francisco, California, United States - **Founded**: 2021 - **Founders**: Jack Lu (CEO), Sidney Zhang (CTO), Zhuoxun Yin (COO), and Zhuojie Zhou (Chief Engineer) ## Core Business - Primary industry/industries: Blockchain, NFT Marketplace, Crypto Entertainment - Target customers: B2C (NFT collectors, traders, and gamers in the Web3 community) - Mission or purpose statement: To build the best place to trade and create onchain — fast, intuitive, and ready for wherever the space goes next. ## Products & Services - **Magic Eden NFT Marketplace**: A cross-chain platform for minting, buying, selling, and collecting NFTs across Solana, Ethereum, Bitcoin, and Polygon. Known for being the #1 marketplace on Bitcoin and a dominant force on Solana. Type: Web3 Platform. - **Magic Eden Wallet**: A self-custodial cross-chain wallet (now in export-only mode as of April 2026, being delisted) for managing digital assets. Type: Crypto Wallet (discontinued). - **Slingshot Finance**: A mobile trading app acquired in April 2025, enabling users to trade 8M+ tokens across multiple chains without bridging. Type: DeFi Aggregator / Mobile App. - **$ME Token Ecosystem**: A native token powering the platform’s shared economy, with 15% of all platform revenue directly injected into the token ecosystem as of February 2026. Type: Crypto Token / Incentive Layer. - **Dicey Casino Platform**: A new iGaming and sportsbook platform launched under the Magic Eden umbrella, representing a strategic pivot into crypto entertainment and gaming. Type: iGaming Platform. ## Market Standing - **Valuation/Market Cap**: $1.6 billion (as of June 21, 2022 — Series B) [tracxn.com] - **Key Metric**: Total Funding of $215M (including a $45M Initial Coin Offering in 2023) or Annual Revenue of $75M [linkedin.com] - **Notable Investors/Partners**: Greylock, Electric Capital, Paradigm, Sequoia Capital, Alameda Research [tracxn.com, sequoiacap.com] - **Growth Signals**: Acquired Slingshot Finance in April 2025; launched Dicey iGaming platform; pivoted to focus on Solana after discontinuing Ethereum and Bitcoin NFT support (early 2026); 133 employees as of May 2026 [tracxn.com]; active job postings in iGaming, sportsbook, and product roles. ## Competitive Advantages - **First-Mover on Solana**: Established dominance on the Solana blockchain early, creating strong network effects and brand recognition among Solana NFT collectors. - **Cross-Chain & Multi-Asset Strategy**: Unlike pure-play NFT marketplaces, Magic Eden is expanding into token trading (via Slingshot) and iGaming (Dicey), creating a diversified crypto entertainment ecosystem. - **Strong Brand & Community**: Ranked #2 among 1,219 active competitors globally, with a loyal user base and high-profile investors [tracxn.com]. - **Revenue Sharing with $ME Holders**: A unique tokenomics model where 15% of platform revenue is injected into the $ME ecosystem, aligning user incentives with platform growth. ## Strategic Focus - **Pivot to Crypto Entertainment**: Magic Eden is explicitly moving beyond NFTs to become a "Crypto Entertainment ecosystem," uniting collectibles, games, and digital experiences under the $ME token economy. - **Focus on Solana**: After ending support for Ethereum and Bitcoin NFTs (early 2026), the company is doubling down on its Solana roots, suggesting a strategic refocus on its core blockchain. - **iGaming & Sportsbook Expansion**: The launch of Dicey and active job postings for "Head of Finance, Dicey," "Senior Counsel, iGaming & Sportsbook," and "VIP Manager - iGaming" signal a major push into regulated online gambling. - **Mobile & DeFi Integration**: The Slingshot acquisition provides a mobile-first trading platform, bridging NFTs, tokens, and potentially gaming assets in one app. ## Why Work Here - **Culture**: Magic Eden is a fast-paced, high-growth startup at the intersection of crypto, gaming, and entertainment. The culture is driven by a "Crypto Native" ethos, with a focus on innovation and rapid iteration. - **Remote/Hybrid Policy**: The company operates in 17 countries, including the US, Australia, Canada, Hong Kong, and Singapore, suggesting a highly distributed and remote-friendly workforce. The headquarters is in San Francisco. - **Notable Perks or Engineering Culture**: Engineering is a core focus (26 technical staff out of 133 total) [linkedin.com]. The company hires top talent from Coinbase, Binance, Meta, Google, and OpenSea, indicating a high-caliber engineering and product team. The pivot into iGaming and the $ME token economy offers employees exposure to cutting-edge blockchain economics and regulated gaming. - **Growth Trajectory**: Despite a pivot that involved scaling down the NFT marketplace, the company is actively building new revenue streams (Dicey, Slingshot) and has a clear, ambitious vision. The 4.7% monthly headcount growth rate and active job postings suggest a company in rebuilding/expansion mode [linkedin.com]. ## Sources 1. [magiceden.io](https://magiceden.io/about) 2. [tracxn.com](https://tracxn.com/d/companies/magiceden/__fxBrHJQDUrgnIPnuxkO_X83xX31Bh-VgRYAjpcFKXqo) 3. [linkedin.com](https://www.linkedin.com/company/magic-eden) 4. [sequoiacap.com](https://sequoiacap.com/companies/magic-eden/) 5. [jobs.ashbyhq.com](https://jobs.ashbyhq.com/magiceden) ## Other roles at Magic Eden - [Senior Growth Product Manager, AI-Native](https://feeny.ai/job/senior-growth-product-manager-ai-native-magic-eden-remote-kxem7rn4bwd1) - [Senior Product Designer, Sportsbook](https://feeny.ai/job/senior-product-designer-sportsbook-magic-eden-united-states-3xv5xqca2v6z) — United States - [International Tax & Compliance Lead](https://feeny.ai/job/international-tax-compliance-lead-magic-eden-united-states-kknpfzgsnqes) — United States - [Lead Product Designer, Growth](https://feeny.ai/job/lead-product-designer-growth-magic-eden-australia-4py4xs6xp73t) — Australia - [Senior Counsel, iGaming & Sportsbook](https://feeny.ai/job/senior-counsel-igaming-sportsbook-magic-eden-remote-j17y11d523wf)