Vitalik's Post on Prediction Markets: Informational Finance Brings People Closer to the Ground Truth

BlockBeats News, November 9th, Vitalik released a new article "From Prediction Markets to Informational Finance," stating that he has been a close supporter and follower of Polymarket this year, with prediction markets being one of the most exciting Ethereum applications for him.

Vitalik believes that Polymarket has a dual nature, serving as both a betting site for participants and a news site for everyone else. As the election results gradually unfolded, despite many experts and news sources trying to lure the audience into hoping to hear favorable news for Harris, Polymarket directly revealed the truth that Trump's probability of winning had reached 95%. Users' actual financial stakes can make the market more aware of what the truth is closer to.

Furthermore, prediction markets can also use finance as a way of coordinating incentive mechanisms to provide valuable information to the audience. Informational finance addresses the trust issue that people actually face. A common concern of this era is a lack of knowledge, not knowing whom to trust in political, scientific, and business environments. Informational finance applications can help be part of the solution. He expects that artificial intelligence will be a technological driver for the development of informational finance in the next decade.