Vitalik Buterin Calls Out Prediction Markets: Crypto Traders Are Gambling, Not Hedging 🧐
On some cyber-throne, Buterin shares his thoughts via Farcaster, launching a volley of criticism. Prediction markets, he asserts, are as useful for hedgers as a bucket with no bottom. Their flaw is blindingly simple: these platforms lack the juicy interest-bearing trinkets of ‘real’ finance. Users must surrender the sweet taste of yields, trading the sturdy bread of bonds for the sawdust of speculation. No wonder they attract only gamblers and the mathematically ambitious-hedging here is as effective as wearing a raincoat in the Sahara.



