Base

I think it’s the fundamental human desire to put money on opinions, so the interest in prediction markets has always existed. However, prediction markets in Web3 are different from Web2 because they experience more pronounced cycles.

Major events, like elections or the World Cup, drive activity across all prediction markets, especially in Web3.

Stefan George, co-founder and chief technology officer of Gnosis

The current bull market has brought heightened attention and significant financial resources to prediction markets, making them more attractive to participants. Elections, particularly those in the United States, have historically been a major driver of prediction market activity. However, the dependence on a single event highlights a potential weakness – a lack of diversification. Ideally, the market would offer a wider range of engaging events.

Rossen, core contributor at Azuro protocol

Compared to earlier years, the blockchain space has matured significantly.