Prediction markets have resonated with me since I started in crypto 12 yrs ago. It was initially bc I was a degen & wanted quick cash. Now I’m using prediction markets daily not to bet but as an info consumer to better understand the world.

Augur, Veil & others failed. Polymarket now working. How can we accelerate?

been trying to wrap my head around:

1) does it matter that someone bets on the underdog because the potential payout is outsized, not because they believe they’ll win?

2) how is a "prediction market" different from sports betting? isn’t it just a fancy term to describe the same thing wrt other aspects of society?

Good questions. To me, wrt question 2, a thin line separates the two concepts.