PNUT promotes the animal rescue narrative, Jorgie and the eagle become the new favorite memes | Bee Network
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By: Lydia Wu, Researcher, Mint Ventures The data in this article is as of October 8, 2024 TL;DR Prediction markets in a narrow sense usually do not include traditional gambling and sports betting, but emphasize information discovery and public decision-making reference functions. Prediction markets cannot remain “correct”. They fail because people take the probabilities given by prediction markets as given facts. Cryptocurrency brings more freedom of transaction amounts and less friction to the prediction market Polymarkets user profile is quite different from crypto native users such as NFT traders and meme players. They are usually older, do not pursue extreme profit and loss ratios, and have a strong motivation to obtain and analyze information. The competitive factors of prediction market products are reflected in how to arrange better events and…# Analysis# crypto# Market# Meme Coin# TokenPre
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