Prediction markets require users to translate beliefs into data. “We’re in a bull market” must be expressed as “Bitcoin will be worth over [$price] on [date] according to [exchange].” This means prediction markets can only address beliefs that can be easily derived from data.
Prediction markets for public opinion
Prediction markets for public opinion
Prediction markets for public opinion
Prediction markets require users to translate beliefs into data. “We’re in a bull market” must be expressed as “Bitcoin will be worth over [$price] on [date] according to [exchange].” This means prediction markets can only address beliefs that can be easily derived from data.