Ethereum

Debate on whether prediction markets are good or bad.

One major point I will add is that right now the major markets mostly don't pay interest, which makes them very unappealing for hedging because to participate at all you sacrifice a guaranteed 4% APY on the dollar.

I expect lots of hedging use cases to open up once that gets solved and volumes increase more.

Debate on whether prediction markets are good or bad.

One major point I will add is that right now the major markets mostly don't pay interest, which makes them very unappealing for hedging because to participate at all you sacrifice a guaranteed 4% APY on the dollar.

I expect lots of hedging use cases to open up once that gets solved and volumes increase more.

https://docs.google.com/document/d/1jc_46jk6UEdDY7Dc3hoX0gkTAyXAE07sjV93jPbrU40/mobilebasic

What is interesting is that in the long run prediction markets seem to become a bond market

All Polymarket has to do is fund the 3% on "will Jesus return in 2025?" and they've created a consistent, low-yield bond market for themselves

IMO prediction markets are to derivatives what memecoins are to gambling