Recently, discussions about prediction markets have been quite popular. Many people have put forward interesting viewpoints — prediction markets are essentially no different from the speculative coins of the previous ICO era; the underlying logic points to the same truth: the public loves to gamble.

Looking back at that period of history, the level of frenzy confirmed this point, and the viability of the model was also tested. What’s interesting now is that regulatory attitudes have shifted, and those once dormant model coins are quietly making a comeback. This is no coincidence — when constraints are reduced, the market instinctively returns to what best satisfies fundamental needs. Cycles turn, old bottles in new wine, and this phenomenon is especially evident in this wave of market activity.