Prediction markets were one of the first use cases for crypto, becoming very popular during the ICO era with projects like Augur. However, stablecoins were not mainstream back then, and oracles were not consolidated or mature enough yet.
The development of prediction markets in crypto has also faced regulatory challenges, especially in the United States. These challenges stem from concerns about gambling laws and potential manipulation. Regardless, betting markets could also improve our governing institutions – a prediction worth testing.
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