{"id":414827,"date":"2025-12-22T11:06:56","date_gmt":"2025-12-22T05:36:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-ethereums-vitalik-buterin-is-betting-on-prediction-markets-as-truth-seeking-tools-crypto-news\/"},"modified":"2025-12-22T11:32:35","modified_gmt":"2025-12-22T06:02:35","slug":"why-ethereums-vitalik-buterin-is-betting-on-prediction-markets-as-truth-seeking-tools-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-ethereums-vitalik-buterin-is-betting-on-prediction-markets-as-truth-seeking-tools-crypto-news\/","title":{"rendered":"Why Ethereum&#8217;s Vitalik Buterin is betting on prediction markets as \u2018truth-seeking\u2019 tools\u00a0 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Prediction markets (PMs) are one of crypto\u2019s hottest topics alongside stablecoins, tokenization, <\/span>and perpetual markets right now. However, the segment is typically viewed as typical gambling by critics.<\/p>\n<p><span style=\"font-weight: 400;\">For Ethereum founder <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/farcaster.xyz\/vitalik.eth\/0x819690cb\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Vitalik Buterin<\/span><\/a><span style=\"font-weight: 400;\">, however, PMs are \u201ctruth seeking\u201d and \u201can antidote for crazy opinions,\u201d with the exec citing Elon Musk\u2019s claim of \u201cUK civil war being inevitable.\u201d<\/span><\/p>\n<div id=\"attachment_555485\" style=\"width: 613px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/Screenshot-2025-12-21-155237.png\" data-wpel-link=\"internal\"><\/a><\/p>\n<p id=\"caption-attachment-555485\" class=\"wp-caption-text\">Source: Farcaster<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">That being said, he did acknowledge that the platforms can still be manipulated to cause harm.\u00a0<\/span><\/p>\n<h2>Polymarket\u2019s breakthrough<\/h2>\n<p><span style=\"font-weight: 400;\">Still, 2025 became a breakout moment for the segment, particularly with the integration of major financial platforms for risk planning.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Polymarket was <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/bitcoin-77-odds-of-btc-hitting-130k-amid-debasement-trade\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">tapped<\/span><\/a><span style=\"font-weight: 400;\"> by New York Stock Exchange\u2019s (NYSE) parent company, ICE, to distribute the platform\u2019s data to global financial firms. This would help with risk management for hedge funds and other entities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It also scored a partnership with social media giant X (formerly Twitter). The Polygon-based decentralized PM soon reached a record high in daily trading volume, at $179 million, amid growing traction and adoption.\u00a0<\/span><\/p>\n<div id=\"attachment_555486\" style=\"width: 1953px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-555486\" class=\"wp-image-555486 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Polymarket \" width=\"1943\" height=\"1408\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share.jpg 1943w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-300x217.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1024x742.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-768x557.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1536x1113.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1200x870.jpg 1200w\" data-lazy-sizes=\"(max-width: 1943px) 100vw, 1943px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-555486\" class=\"wp-image-555486 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share.jpg\" alt=\"Polymarket \" width=\"1943\" height=\"1408\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share.jpg 1943w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-300x217.jpg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1024x742.jpg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-768x557.jpg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1536x1113.jpg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-volume-share-1200x870.jpg 1200w\" sizes=\"auto, (max-width: 1943px) 100vw, 1943px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-555486\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Interestingly, Premier League and other sports seasons began in August, and Polymarket volume also picked up momentum around that time. However, prediction markets enable users to wager on multiple markets, ranging from elections to cryptocurrency topics.\u00a0\u00a0<\/span><\/p>\n<h2>Polymarket vs. Kalshi<\/h2>\n<p><span style=\"font-weight: 400;\">Given their financial incentives, markets and experts, including Buterin, view PMs as a better source of truth than traditional surveys.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For long, Polygon-based Polymarket has been the leading Web3 predictions market. However, Kalshi <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/news.kalshi.com\/p\/kalshi-solana-tokenized-predictions\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">tokenised<\/span><\/a><span style=\"font-weight: 400;\"> its smart contracts and partnered with various Solana-based platforms such as Jupiter. The BNB chain also scaled its adoption of PMs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lately though, Kalshi has eaten into Polymarket\u2019s share. In fact, it now controls 73% of the market\u2019s volume.\u00a0<\/span><\/p>\n<div id=\"attachment_555487\" style=\"width: 2411px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-555487\" class=\"wp-image-555487 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Vitalik Buterin polymarket\" width=\"2401\" height=\"1400\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share.png 2401w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-300x175.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1024x597.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-768x448.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1536x896.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-2048x1194.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1200x700.png 1200w\" data-lazy-sizes=\"(max-width: 2401px) 100vw, 2401px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-555487\" class=\"wp-image-555487 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share.png\" alt=\"Vitalik Buterin polymarket\" width=\"2401\" height=\"1400\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share.png 2401w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-300x175.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1024x597.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-768x448.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1536x896.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-2048x1194.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/12\/polymarket-and-kalshi-volume-market-share-1200x700.png 1200w\" sizes=\"auto, (max-width: 2401px) 100vw, 2401px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-555487\" class=\"wp-caption-text\">Source: The Block<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Kalshi partly gained traction due to Polymarket\u2019s U.S ban since 2022. However, the platform has resolved its regulatory issues and is planning to reopen to the U.S. market again. Even so, it remains to be seen if it will reclaim its market dominance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, Polygon\u2019s recent downtime affected Polymarket, prompting the team to accelerate its L2, according to <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/polymarketbet\/status\/2002482458730569880\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">insiders<\/span><\/a><span style=\"font-weight: 400;\">. Besides, with the planned <\/span><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/polymarket-ceo-hints-at-poly-token-after-2b-ice-backing-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">POLY launch<\/span><\/a><span style=\"font-weight: 400;\">, the platform volumes could bounce back, driven by users farming for airdrops.\u00a0<\/span><\/p>\n<hr\/>\n<h2>Final Thoughts<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Prediction markets are \u2018truth-seeking\u2019 tools to clear noise from crazy markets and topics, according to Buterin.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Kalshi continues to dominate market volume as Polymarket seeks U.S market re-entry.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>\u00a0<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/tokenized-stocks-are-the-big-winner-of-2025-heres-why\/\" rel=\"prev\" data-wpel-link=\"internal\">Tokenized stocks are the big winner of 2025 \u2013 Here\u2019s why!<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prediction markets (PMs) are one of crypto\u2019s hottest topics alongside stablecoins, tokenization, and perpetual markets right now. However, the segment is typically viewed as typical gambling by critics. For Ethereum founder Vitalik Buterin, however, PMs are \u201ctruth seeking\u201d and \u201can antidote for crazy opinions,\u201d with the exec citing Elon Musk\u2019s claim of \u201cUK civil war [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":414828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-414827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=414827"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414827\/revisions"}],"predecessor-version":[{"id":414829,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/414827\/revisions\/414829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/414828"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=414827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=414827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=414827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}