Coin Metrics: Polymarket and the power of collective intelligence
Prediction markets like Polymarket have emerged as traditional polling methods and mainstream media face increasing skepticism due to concerns about bias and lack of transparency.
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Prediction markets like Polymarket have emerged as traditional polling methods and mainstream media face increasing skepticism due to concerns about bias and lack of transparency.
As long as you are a crypto player, you have probably heard of the myths of Pump.fun and Polymarket.
The crypto market is known for its huge volatility, and prediction markets allow users to participate in the prediction of the outcomes of major events in a more stake-based way. This chart summarizes the prediction events with large trading volumes for investors to more accurately grasp the current market context.
As the crypto industry moves into the consumer application phase, Polymarket’s success in temporarily replacing existing prediction markets is significant.
Polymarket’s recent success is almost entirely a result of the election.
ParaFi Capital, the largest investor in prediction markets, said first-time users are mostly participating in markets not related to the election.
The prediction market is an open market where anyone who knows about future outcomes can contribute their knowledge in the form of bets.
As the expectations of $ETH ETF passing heat up, the market’s attention is gradually returning to the EVM ecosystem. As the largest prediction market on the chain, Polymarket has attracted much attention because of whether $ETH ETF can pass smoothly.
The Wiki Finance Expo, Sydney 2023, scheduled for November 16th, is set to highlight key areas including regulation, Forex, Crypto, Web 3.0, Metaverse, AI, and ESG.
At one of the keynote speeches, Aragon Han from Vatee talks about exploring the impacts of the rise of the anti-USD movement.