Grayscale: Polymarket may become a solution to replace traditional media

Odaily Odaily Grayscale Research believes that in light of the growing distrust of the media, Polymarket has the potential to become a "source of truth" by leveraging the transparency and record-keeping of blockchain technology, market incentives, and the collective wisdom of users. Decision makers often need access to timely and accurate information, but according to a recent poll, trust in the media in the United States is currently at its lowest point in the past 50 years. Amid increasing cases of false information, nearly three-quarters of American adults believe that the news media has contributed to political polarization, and nearly half express little trust in the media's ability to report the news fairly and accurately. Grayscale Research also believes that prediction markets can be part of the solution - especially those that leverage the power of blockchain technology.