Grayscale: Prediction markets powered by blockchain have the potential to become a "source of truth."

ChainCatcher news, according to Grayscale Research, given the increasing distrust in the media, Grayscale Research believes that prediction markets leveraging the transparency and record-keeping capabilities of blockchain technology, market incentives, and the collective intelligence of users have the potential to become a "source of truth."

Decision-makers often need timely and accurate information, but according to a recent poll, trust in the media in the U.S. is currently at its lowest point in the past 50 years. With the increasing cases of misinformation, nearly three-quarters of American adults believe that news media has fueled political polarization, and nearly half express little trust in the media's ability to report news fairly and accurately.

Over the past two decades, technological and economic incentives have reshaped the traditional media landscape, and decision-makers seem to be searching for alternatives. Grayscale Research believes that prediction markets can be part of the solution, especially those that harness the power of blockchain technology.