According to ChainCatcher news, Vitalik published a new article titled 'From Prediction Markets to Information Finance,' stating that he has been a close supporter and follower of Polymarket this year, and that prediction markets are one of the Ethereum applications that excite him the most.
Vitalik believes that Polymarket has a dual nature; on one hand, it is a betting site for participants, and on the other hand, it serves as a news site for everyone else. As the election results gradually come in, although many experts and news sources have been enticing the audience, hoping they will hear favorable news for Harris, Polymarket directly reveals the truth that Trump's winning probability has risen to 95%. The real money invested by users allows the market to realize what the truth is closer to.
In addition, prediction markets can also use finance as a way to coordinate incentive mechanisms to provide valuable information to the audience. Information finance addresses the trust issues that people actually have. A common concern of this era is the lack of knowledge, not knowing whom to trust in political, scientific, and business environments. Information finance applications can help to be part of the solution. It is expected that a technology that will drive the development of information finance in the next decade is artificial intelligence.
