Prediction Markets: The Real Engine Behind DeFi’s Evolution

Prediction markets, which leverage the wisdom of the crowd to facilitate trustless wagers on all manner of topics, have seen spectacular growth in recent years, helped largely by the amount of action surrounding the last US Presidential election.  Once regarded as a lawless form of gambling, crypto-native betting platforms have become legitimized, with some even federally regulated by the Commodity Futures Trading Commission (CFTC). As a consequence of one such platform, Kalshi, securing a partnership with Robinhood, over 2 billion prediction contracts were traded in Q3 alone. It is fair to say that prediction markets are only feasible in

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