“Despite all the ambiguity, #PredictionMarkets’ biggest backers—Silicon Valley venture #capitalists—remain undeterred. It used to be that the medium was the message. In #SiliconValley, the line has been updated: “The #markets are the message,” says one venture communications executive.
That gospel has set off a frenzy. “Since the election, so many people have started building prediction markets,” says Arad, an #investor based in Portugal. Some of these people are founders whose “products didn’t catch on, and so they pivoted to #prediction. It’s like dozens and dozens and dozens. Like, really. A lot. And it’s still happening.” Arad, too, has caught the bug: Earlier this year he left his job as a #VentureCapitalist to start his own prediction market called Lightcone Labs.
According to #prototypes I’ve seen and conversations I’ve had with dozens of traders and #founders, the future of these #markets looks something like this: Every news story will come with a Trade button beside it.”
<https://www.vanityfair.com/news/story/prediction-markets-kalshi-polymarket> (paywall) / <https://archive.md/b5S1T>
