Buterin: Prediction markets need a reset
Ethereum co-founder Vitalik Buterin says prediction platforms are degrading into “casinos” and dopamine-driven betting instead of creating long-term value.
According to him, their growth is fueled mainly by naive users rather than real demand for high-quality information, resulting in a mass but shallow product.
The solution is to shift focus toward risk hedging, such as insuring political and macroeconomic events.
Less casino — more financial stability.