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CLOB is the true underlying form that a prediction market should have.
The key to prediction markets is not "prediction," but how disagreements are priced.
Without an order book, prices are always just the results calculated by a model.
AMM provides an average sentiment.
It flattens different judgments, producing a seemingly reasonable probability, but that is not the price after a game of strategy; it’s just an average.
@intodotspace using CLOB essentially hands the pricing power back to the market itself.
Order placement is not participation; it’s stance.
Trade execution is not liquidity absorption; it’s a clash of viewpoints.
Behind every price, there are people willing to step up and take responsibility for their judgment, rather than hiding behind curves.
This is the first time prediction markets truly have the ability for price discovery:
You can see where disagreements pile up, where judgments are stuck, and which prices, once broken, will trigger chain reactions.
Prediction markets should not just be probability display boards.
They should be a market where judgments collide directly and prices speak for themselves.