Vitalik posted about prediction markets: Information finance brings people closer to the truth

ChainCatcher news, Vitalik published a new article "From Prediction Markets to Information Finance" stating that he has been a close supporter and follower of Polymarket this year, and that prediction markets are one of the Ethereum applications that excite him the most.

Vitalik believes that Polymarket has a dual nature: on one hand, it is a betting site for participants, and on the other hand, it serves as a news site for everyone else. As the election results gradually come in, despite many experts and news sources enticing the audience with favorable news for Harris, Polymarket directly reveals the truth that Trump's probability of winning has reached 95%. The real money invested by users allows the market to realize what the truth is closer to.

Moreover, prediction markets can also use finance as a way to coordinate incentives to provide valuable information to the audience. Information finance addresses the trust issues that actually exist among people. A common concern of this era is the lack of knowledge and not knowing whom to trust in political, scientific, and business environments. Information finance applications can help be part of the solution. He predicts that a technology that will drive the development of information finance in the next decade is artificial intelligence.