Vitalik: Labeling Polymarket as "gambling" is a huge misunderstanding. Prediction markets are interesting because they are a social epistemic tool: the public gains insight into how important certain events are and what might happen, which is much less vulnerable to biased editorial opinion than social media or news sites.

Vitalik: Labeling Polymarket as "gambling" is a huge misunderstanding. Prediction markets are interesting because they are a social epistemic tool: the public gains insight into how important certain events are and what might happen, which is much less vulnerable to biased editorial opinion than social media or news sites. https://x.com/VitalikButerin/status/1827640377060233716