Myth: Decentralized Betting Is Just Gambling — The Practical Power and Limits of Prediction Markets
Start by correcting a common misperception: decentralized betting — often dismissed as little more than crypto gambling — is not primarily about luck. Prediction markets are mechanism-driven information systems that translate collective bets into probabilities. Those probabilities can, and often do, outperform single experts or static polls because they combine incentives, continuous trading, and real-money […]