- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Vitalik: The probability given by the prediction market is usually more accurate than the judgment formed by media influence
BlockBeats News, August 27th, Ethereum founder Vitalik Buterin, in response to recent discussions about prediction markets, said, "In coin voting, if you vote incorrectly, there will be no penalty, the only risk is that you may happen to push the result to that point of extremely small probability at the edge. In prediction markets, if you make the wrong judgment, you will lose money, and if you bet big, you will lose a lot of money."
Personally, I feel that the probabilities given by prediction markets are usually more accurate than judgments I form under the influence of (professional or social) media atmosphere. They actually help me stay rational, not overestimate the importance of things (but also help me realize their importance when something truly important happens)."
You may also like
Hawkish Signal in Tightening Mode | Rewire News Brief
x402 and AI Agents: An Emerging Data Economy
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase
Bitmain, mired in controversy, has found its strongest backing in the United States
Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote
Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
SEC’s Stance on Crypto Assets: Most Not Considered Securities
Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…
South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents
Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…
Institutional Confidence in Crypto’s 2026 Growth Trajectory
Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…
Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule
Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…
Crypto Firms Advocate DeFi Education in US Colleges
Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…
RedotPay Reorganizes Amidst Funding Tries and IPO Goals
Key Takeaways: RedotPay is facing leadership changes and concerns over its connections with mainland China while eyeing a…
App