Vitalik: Predicting market risks is no higher than the stock market; critics' fears are exaggerated.
DLnews, Ethereum co-founder Vitalik Buterin responded to concerns about prediction markets threatening the integrity of sports events and elections.He pointed out that improper incentives created by prediction markets have long existed in the stock market, where politicians can profit by shorting stocks and then "pressing the disaster button." He believes prediction markets should be compared to social media, the latter of which more easily spreads panic and misinformation, while prediction markets can provide useful information.Vitalik stated that he has often felt panic due to news headlines but calmed down after checking Polymarket prices, saying, "Experienced people know the real situation, and the probability of abnormal events is only 4%." He cited Elon Musk's 2024 claim that a civil war in the UK is inevitable as an example, noting that Polymarket users gave the probability at only 3% at that time.
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