ChainThink news, according to DLnews, Ethereum co-founder Vitalik Buterin responded to external concerns about prediction markets undermining the integrity of sports events and elections. He pointed out that improper incentives created by prediction markets already exist in the stock market, where political figures could profit from shorting stocks before pressing the "trigger disaster" button. He argued that prediction markets should be compared to social media, which are more prone to spreading panic and misinformation, whereas prediction markets offer valuable information.
Vitalik stated he has repeatedly felt panicked by news headlines, but calmed down after checking prices on Polymarket: "Those with experience know the real situation—extreme events occur only 4% of the time." He cited Elon Musk’s 2024 claim that civil war in the UK was inevitable, when Polymarket users assigned a probability of only 3%.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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