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.
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