ChainCatcher News reports, according to DLnews, Ethereum co-founder Vitalik Buterin responded to concerns from the outside world about prediction markets threatening the integrity of sports events and elections.
He pointed out that the improper incentives created by prediction markets have long existed in the stock market, where politicians can profit by shorting stocks and then pressing the “disaster” button. He believes that prediction markets should be compared to social media, which are more prone to spreading panic and misinformation, while prediction markets can provide useful information.
Vitalik said he has often felt panic from news headlines, but calmed down after checking Polymarket prices, “experienced people know the real situation, and the probability of abnormal events occurring is only 4%.” He cited Elon Musk’s 2024 prediction that a civil war in the UK is inevitable as an example, when Polymarket users assigned only a 3% probability.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
dLEND Under dTRINITY Suffers First Deposit Inflation Attack on Ethereum, Resulting in Approximately $257,000 in Bad Debt
dTRINITY suffered a first deposit inflation attack by dLEND on March 17, resulting in $257,000 in bad debt. The protocol has been suspended, and the team has committed to fully covering losses with internal funds. Bad debt repayment will begin within 24 hours after the announcement. Other deployments remain unaffected, and user funds are safe.
GateNews5m ago
Bitcoin Pulls Back to $73,500, Ethereum Consolidates at $2,300, CryptoQuant: Uptrend Faces Double Resistance, Fed Decision Thursday Becomes Key
Bitcoin reached a high of 75,500 USD today before pulling back to 73,910 USD. CryptoQuant points out that there is double resistance in the 75,000 to 85,000 USD range. The market is awaiting the Federal Reserve's interest rate decision announcement and Powell's assessment of stagflation. If the results are hawkish, it will increase resistance at the 75,000 USD level. Overall market sentiment remains consolidating sideways.
動區BlockTempo13m ago
Rich Dad Predicts Market Crash Again: After the Bubble Bursts, Bitcoin Could Surge to $750,000
Robert Kiyosaki warns that asset bubbles will collapse and predicts Bitcoin will reach $750,000 within a year, but the market remains skeptical of his forecasts. His arguments repeatedly emphasize gold, silver, and Bitcoin as hard assets that protect against inflation; however, his past warnings have shown low accuracy, reflecting divided opinions on his viewpoint. Regarding Kiyosaki's perspective, supporters acknowledge his identification of financial system risks, while critics argue his views lack empirical evidence.
CryptoCity18m ago
CryptoQuant Alert: Bitcoin Bounce May Face Resistance Between 75,000 and 85,000 USD
CryptoQuant report shows bullish signals in the Bitcoin futures market, but if the price continues to rise, it will encounter resistance near $75,000 and $85,000. Meanwhile, the inflow of Bitcoin into centralized exchanges is accelerating, which may signal potential selling pressure, creating a contradiction with the bullish sentiment in the futures market.
MarketWhisper34m ago
Vitalik Introduces Ethereum's New Fast Confirmation Rule, Transaction Irreversibility Guaranteed in 12 Seconds
Ethereum co-founder Vitalik Buterin proposed a new fast confirmation rule mechanism that allows users to receive guarantees of irreversible transactions within 12 seconds. This rule is based on validator honesty and low network latency. While its security is slightly lower than economic finality, it remains reliable for many application scenarios.
GateNews54m ago
