Maybe it's time we talk about this: prediction markets in crypto are basically just gambling dressed up in fancy terminology. You've got retail traders treating market forecasting like a slot machine, liquidations happening left and right, and the "skill-based" narrative doesn't really hold water when volatility can wipe out positions overnight. Sure, there's theoretical utility—price discovery and all that—but let's be honest about what's actually happening under the hood.
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DuckFluff
· 01-10 20:44
That's right, prediction markets are just gambling in disguise, fooling a bunch of people into deceiving themselves.
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MetaverseVagabond
· 01-10 06:43
Basically, it's a gambler's paradise; no matter how fancy the packaging, the essence cannot be changed.
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SelfCustodyBro
· 01-08 09:59
That's a bit too straightforward, but this is the true reflection of the crypto world.
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GateUser-c802f0e8
· 01-08 09:58
Bro, I've heard this kind of explanation so many times before, but it really hits the nail on the head.
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MainnetDelayedAgain
· 01-08 09:52
According to the database, we've been hearing this rhetoric for at least 247 days, and there has still been no actual change. The "theoretical value" of the prediction market has been fermenting long enough, and it's time to check if it has gone bad. It is recommended to be listed in the Guinness World Records — the longest pending promise.
Maybe it's time we talk about this: prediction markets in crypto are basically just gambling dressed up in fancy terminology. You've got retail traders treating market forecasting like a slot machine, liquidations happening left and right, and the "skill-based" narrative doesn't really hold water when volatility can wipe out positions overnight. Sure, there's theoretical utility—price discovery and all that—but let's be honest about what's actually happening under the hood.