BlockBeats News, September 22nd, Syndicate co-founder Ian Lee recently stated that the prediction market and Decentralized Autonomous Organization (DAO) may be closer than commonly believed, as both involve the combination of “social behavior and capital.” Lee pointed out that the essence of a DAO is to coordinate human capital and financial capital simultaneously, and the prediction market also coordinates funds and collective wisdom, thus can be seen as a form of DAO.
He emphasized that the prediction market should not only be seen as a “gambling tool” but should be viewed as a “socialized financial network.” Currently, active platforms like Kalshi and Polymarket, with the former exceeding a monthly trading volume of $1 billion and the latter having an active trading user base of 226,000 last month, with a similar trading volume of around $1 billion. (Decrypt)
