Akin to token creation, prediction markets need to be permissionless and 2 new contenders are leading the charge. It's one of the biggest IRL adoptions of this cycle, yet most markets need to be reviewed through a centralized entity. It's like implementing a whitelist and review model on every coin created, clearly impacting the growth and spread of the product. Prediction markets truly show that aggregating collective intelligence to forecast real-world events has remarkable accuracy, such as the US presidential elections compared to traditional polls. As a user myself of Polymarket, I remain disappointed about the centralization for manual market creation, subjective resolution processes, and significant gatekeeping. Users can't freely create markets, rules are written by humans (introducing bias and delays akin to Zelensky's suit), and the resolution process relies on centralized decision-making, mainly handled by whales (Uma). This creates bottlenecks, limits innovation, and...
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