"Betting on Gambling"
The hash value of the US GDP was released on-chain, sparking market speculation about prediction markets.
Some veterans in the prediction market...
REP has plummeted to 11 million.
Sad
GNO is a jack-of-all-trades, doing everything.
Poly is the first.
Azuro has plummeted to 5 million.
Kalshi is a US exchange that also offers event contracts.
PCule is easy to understand; it's the operational side of Poly.
FLIPR leverages prediction markets, adding to the gambling.
I took a preliminary look at the prediction market today.
The only one that stood out was Footballdotfun.
Footballdotfun's mechanics are very interesting; they can coerce holders into participating in the game.
This game is amazing.
It's been a while since I've seen such an eye-catching design.
I need to further research the mechanics.
This model could potentially disrupt the existing football betting market.
Of course, I'm not deeply involved in prediction markets, so I'll need to spend more time with it. I saw this afternoon that the BRC 2.0 project, Squirrel, has launched its public offering. Now the BTC ecosystem is completely devastated. A 5 million coin, issued at a market cap of 15 million, has tripled. Generally speaking, when a coin is issued, its market cap peaks after a 2-3x increase. And the coin itself is only 2-3 million, driven by the airdrop. In other words, a 2-3 million market cap coin has already doubled in value due to the tokens earned through staking. The coin was issued at a market cap of 15 million. Regarding the information regarding local marketing and the information gap regarding trading, I can't discuss it publicly here. I'll just observe for now. Anyone familiar with Squirrel can reach out to me anytime.