Vitalik discusses prediction markets: Information finance brings people closer to the truth

Vitalik released a new article "From Prediction Markets to Information Finance", stating that he has been a close supporter and follower of Polymarket this year, and prediction markets are one of the Ethereum applications that excite him the most.

Vitalik believes that Polymarket has two sides: on one hand, it is a betting site for participants; on the other hand, it is also a news site for everyone else. When election results gradually settled down, although many experts and news sources have been enticing audiences hoping they would hear favorable news about Harris, Polymarket directly revealed the truth - Trump's probability of winning had reached 95%. The real money invested by users can make the market realize what is closer to the truth.

In addition, prediction markets can use finance as a way to coordinate incentive mechanisms in order to provide valuable information for audiences. Information finance solves trust issues people actually have. A common concern in this era is lack of knowledge - not knowing who to trust in political, scientific and business environments. Applications of information finance could help be part of the solution. He predicts that artificial intelligence will be one technology driving development in information finance over next decade.