According to TechFlow, on November 1, Bitwise Chief Investment Officer Matt Hougan recently said that although the prediction market is not new, Polymarket has brought unprecedented global scale and liquidity through crypto-native functions.
Hougan stressed that without the support of crypto technology, prediction markets would not be able to achieve such development. He pointed out that a prediction market without people participating in the bets is not a prediction market at all, and Polymarket’s crypto-native characteristics help it gain the scale and liquidity required to become an effective prediction market.