Myths vs. Mechanisms: What Crypto Prediction Markets Actually Do — A Polymarket-Focused Reality Check
“Prediction markets are just gambling.” That sentence still circulates in policy memos and dinner-table debates, yet it is materially misleading: prediction markets encode aggregated beliefs into prices, create tradable liquidity around uncertain future events, and surface information that can be used by traders, researchers, and even regulators. Consider this counterintuitive statistic as a mental reset: […]