[ Prediction Market Thesis ] Prediction markets (PMs) are where DeFi was before 2020. In its early stages, it has already: - Found PMF with non-crypto retail - Growing mindshare outside of CT - Already being used on major news outlets The level of distrust of mainstream media constantly makes new ATHs. Every outlet inherently has some kind of bias, which pushes people to search for the truth elsewhere. PMs were more accurate about the 2024 elections than traditional news outlets, further pushing people away from traditional media. Prediction markets are crowdsourcing truth. This will turn prediction markets into the #1 source of information (its already there in some ways). Imo, this turns into one of the top use cases for crypto, likely to recieve a ton of adoption. It already has. The two big players (Kalshi and Polymarket) are doing a combind $2B in monthly vol. They have shown a willingness to integrate/partner/collab with projects building in this space. So their growth...
4.11K
19
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.