Prediction Markets Beat Social Media at Finding Truth, Says Vitalik Buterin
Ethereum co-founder Vitalik Buterin has defended prediction markets in opposition to critics who view betting on real-world occasions as morally questionable, arguing that these platforms supply superior truth-seeking mechanisms to social media whereas addressing considerations about their potential to incentivize hurt. Writing on Farcaster, Buterin acknowledged prediction markets may theoretically create incentives for dangerous actions…