Social media giant X (formerly known as Twitter) officially announced on 6/6 a partnership with the decentralized prediction market platform Polymarket, making it its official prediction market partner. This signifies that information is no longer monopolized by media giants, but rather determined by market mechanisms for its authenticity.
Polymarket states: "The next information age will not be driven by 20th-century media giants, but led by the market. This is a new era anchored in reality, optimized for truth, and rooted in transparency."
This declaration perfectly aligns with the decentralized values of Web3 and once again brings the prediction market to the forefront of the social technology wave. With the integration of AI, blockchain, and social network technologies, the prediction market is transforming from a marginal tool into a key driver of news, community, and digital democracy. What does this transformation truly mean?
(X announced a partnership with Polymarket as the official prediction market partner)
Crowd Wisdom Monetization: The Rise of Prediction Markets
A prediction market is essentially a laboratory of collective intelligence that allows people to bet money on their judgments about future events. From political elections to sports events, from technology releases to economic trends, participants wager their own funds on the "truth," forming a highly dynamic, decentralized prediction model.
The 2024 U.S. presidential election is a prime example. Billions of dollars are bet on the candidates' chances of winning, and the results provided by the prediction market are even more accurate than mainstream polls. This also means that when people put their money behind their opinions, it generates more valuable information than keyboard debates.
The Imbalance of Web3 Spirit and Social Media: Is the Prediction Market the Cure?
Web3 aims for a network ecosystem that is "owned, contributed to, and benefited from" by users. However, when we look back at today's mainstream social media (such as X, Instagram, TikTok, etc.), content distribution is still dominated by centralized algorithms. The platform pushes content based on maximizing advertising revenue, which sacrifices authenticity and diversity.
The prediction market, as a social interaction model that "lets money talk," can precisely break through this bottleneck. It does not rely on algorithmic push notifications but instead generates value rankings through users' actual actions (betting). If this mechanism can be integrated into a Web3 community platform, it will bring about a fundamental revolution in information production and dissemination.
Why is the partnership between Polymarket and X of epoch-making significance?
The collaboration between Polymarket and X is not just a platform integration, but a coalition of values. Together, they are building a market-based truth mechanism — using market prices generated by user bets to measure the credibility of news or events.
This model can provide a self-correcting system in an environment of information explosion and fake news in the future. The prediction market will not be dominated by a single authority, but will be determined by the "collective actions of the crowd" to decide what is true and what is false.
This move also signifies that the prediction market will no longer be just a fringe product of finance or gambling, but will become an indispensable infrastructure in the Web3 network.
Bottlenecks of existing prediction markets: The path to decentralization is still not smooth.
Although the vision for the prediction market is promising, most existing platforms still retain strong traces of centralization. For example, if users want to create a new market, they often need to go through manual review and submit applications, which makes the process cumbersome and inefficient.
While doing so can prevent the proliferation of junk markets, it also restricts users' freedom to participate and create, going against the open spirit of Web3. If we want the prediction market to truly integrate into future community platforms, these issues must be resolved.
Buzzing Club: A new model of prediction market combining AI and Web3
Among many startups, Buzzing Club provides a feasible future blueprint. They are building a user-driven prediction platform and using AI technology to solve the scalability issues that traditional prediction markets face.
Users create + AI assists in generating market rules: Anyone can create a market, and the AI is responsible for automatically generating clear and fair rules, lowering the creation threshold.
Garbage Market Removal System: AI models filter out duplicate or low-quality markets, retaining high-value prediction topics.
AI Oracle automatically verifies event outcomes: The system automatically validates event developments through web crawling, and manual arbitration is only required when disputes arise, significantly enhancing processing capacity and immediacy.
Trend Discovery Reward Mechanism: Early participants who ignite popular markets can share transaction fees, encouraging the community to spontaneously uncover valuable topics.
Buzzing Club is not just building a platform, but also establishing a new social interaction mechanism that aligns the value of information with economic incentives.
From the collaboration between Polymarket and X to the innovative practices of Buzzing Club, it is evident that the prediction market is becoming the new infrastructure of the information industry. In this version of the future, "facts" are no longer determined by editorial departments or authorities, but are jointly verified by global users through betting and participation.
This article prediction market × Web3: From speculative games to truth engines, social media is about to迎來 new revolution first appeared in 鏈新聞 ABMedia.
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Prediction Market × Web3: From Speculative Games to Truth Engines, Social Media is About to Welcome a New Revolution
Social media giant X (formerly known as Twitter) officially announced on 6/6 a partnership with the decentralized prediction market platform Polymarket, making it its official prediction market partner. This signifies that information is no longer monopolized by media giants, but rather determined by market mechanisms for its authenticity.
Polymarket states: "The next information age will not be driven by 20th-century media giants, but led by the market. This is a new era anchored in reality, optimized for truth, and rooted in transparency."
This declaration perfectly aligns with the decentralized values of Web3 and once again brings the prediction market to the forefront of the social technology wave. With the integration of AI, blockchain, and social network technologies, the prediction market is transforming from a marginal tool into a key driver of news, community, and digital democracy. What does this transformation truly mean?
(X announced a partnership with Polymarket as the official prediction market partner)
Crowd Wisdom Monetization: The Rise of Prediction Markets
A prediction market is essentially a laboratory of collective intelligence that allows people to bet money on their judgments about future events. From political elections to sports events, from technology releases to economic trends, participants wager their own funds on the "truth," forming a highly dynamic, decentralized prediction model.
The 2024 U.S. presidential election is a prime example. Billions of dollars are bet on the candidates' chances of winning, and the results provided by the prediction market are even more accurate than mainstream polls. This also means that when people put their money behind their opinions, it generates more valuable information than keyboard debates.
The Imbalance of Web3 Spirit and Social Media: Is the Prediction Market the Cure?
Web3 aims for a network ecosystem that is "owned, contributed to, and benefited from" by users. However, when we look back at today's mainstream social media (such as X, Instagram, TikTok, etc.), content distribution is still dominated by centralized algorithms. The platform pushes content based on maximizing advertising revenue, which sacrifices authenticity and diversity.
The prediction market, as a social interaction model that "lets money talk," can precisely break through this bottleneck. It does not rely on algorithmic push notifications but instead generates value rankings through users' actual actions (betting). If this mechanism can be integrated into a Web3 community platform, it will bring about a fundamental revolution in information production and dissemination.
Why is the partnership between Polymarket and X of epoch-making significance?
The collaboration between Polymarket and X is not just a platform integration, but a coalition of values. Together, they are building a market-based truth mechanism — using market prices generated by user bets to measure the credibility of news or events.
This model can provide a self-correcting system in an environment of information explosion and fake news in the future. The prediction market will not be dominated by a single authority, but will be determined by the "collective actions of the crowd" to decide what is true and what is false.
This move also signifies that the prediction market will no longer be just a fringe product of finance or gambling, but will become an indispensable infrastructure in the Web3 network.
Bottlenecks of existing prediction markets: The path to decentralization is still not smooth.
Although the vision for the prediction market is promising, most existing platforms still retain strong traces of centralization. For example, if users want to create a new market, they often need to go through manual review and submit applications, which makes the process cumbersome and inefficient.
While doing so can prevent the proliferation of junk markets, it also restricts users' freedom to participate and create, going against the open spirit of Web3. If we want the prediction market to truly integrate into future community platforms, these issues must be resolved.
Buzzing Club: A new model of prediction market combining AI and Web3
Among many startups, Buzzing Club provides a feasible future blueprint. They are building a user-driven prediction platform and using AI technology to solve the scalability issues that traditional prediction markets face.
Users create + AI assists in generating market rules: Anyone can create a market, and the AI is responsible for automatically generating clear and fair rules, lowering the creation threshold.
Garbage Market Removal System: AI models filter out duplicate or low-quality markets, retaining high-value prediction topics.
AI Oracle automatically verifies event outcomes: The system automatically validates event developments through web crawling, and manual arbitration is only required when disputes arise, significantly enhancing processing capacity and immediacy.
Trend Discovery Reward Mechanism: Early participants who ignite popular markets can share transaction fees, encouraging the community to spontaneously uncover valuable topics.
Buzzing Club is not just building a platform, but also establishing a new social interaction mechanism that aligns the value of information with economic incentives.
From the collaboration between Polymarket and X to the innovative practices of Buzzing Club, it is evident that the prediction market is becoming the new infrastructure of the information industry. In this version of the future, "facts" are no longer determined by editorial departments or authorities, but are jointly verified by global users through betting and participation.
This article prediction market × Web3: From speculative games to truth engines, social media is about to迎來 new revolution first appeared in 鏈新聞 ABMedia.