Vitalik Buterin calls for a reset of prediction markets
Ethereum co-founder Vitalik Buterin believes that current prediction platforms are devolving into "casinos" with dopamine-driven betting rather than creating long-term value. This trend is driven mainly by naive users rather than genuine demand for quality information.
Source Incrypted
According to him, this leads to a mass but superficial product he terms "corpocracy." The solution, he suggests, is to shift focus toward risk hedging—for instance, using prediction markets to insure political or macroeconomic events.
Buterin’s core message is clear: reduce the casino-like gambling elements to enhance the financial stability of prediction markets.
