Prediction Markets’ Time Has Come, but They Aren’t Ready for It
After the pundits so badly misjudged the 2016 U.S. presidential election, prediction markets should be booming ahead of Nov. 3. Why aren’t they?
October sees record volume for TRUMP and BIDEN markets three weeks ahead of the U.S. election.
With the first presidential debate now smoldering behind us, the betting markets have picked their winner: Joe Biden.
Decentralized betting platforms like Polymarket and YieldWars are seeing accelerated trading volume growth leading up to the 2020 U.S. presidential election.
DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries.
"Ethereum is on the way to becoming a whale chain," said Gnosis co-founder Stefan George. That's why his team's tech is moving to xDai.