Prediction markets are not betting—they’re collective measurement. Here’s what that means for crypto predictions and Polymarket
A common misconception: prediction markets are just gambling dressed up with numbers. That frame misses the mechanism that gives markets their analytical value—information aggregation through incentives. Treating a prediction market as entertainment ignores how contract design, participant incentives, liquidity, and regulatory structure shape whether prices converge on useful probabilities or simply reflect noise and traders’ hedges. This article uses Polymarket as a concrete case to explain how event-based trading in crypto and DeFi differs from sportsbook or casino betting, why [...]
