According to BlockBeats, on November 9, Vitalik published a new article (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 he is most excited about.
Vitalik believes that Polymarket has a dual nature; on one hand, it is a betting site for participants, and on the other, it serves as a news site for everyone else. As the election results gradually come in, despite many experts and news sources enticing the audience with favorable news for Harris, Polymarket directly reveals the truth that Trump's winning probability has reached 95%. The users' real monetary investments can help the market realize how close the truth actually is.
Moreover, 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 face. A common concern of this era is the lack of knowledge and uncertainty about whom to trust in political, scientific, and business environments. Applications of information finance can help become part of the solution. He anticipates that a technology driving the development of information finance in the next decade will be artificial intelligence.
