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Prediction Markets and Beyond

web3 with a16z crypto

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Market Theories and Prediction Practices

This chapter examines the synergy between market theory and its real-world applications, focusing on Futarki and liquid democracies. It highlights the role of prediction markets in aggregating information and the challenges posed by traditional communication barriers. The discussion extends to the effectiveness and regulatory hurdles of crypto prediction markets, emphasizing the importance of trust, decentralization, and oracles in ensuring market integrity.

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