The post Prediction Markets Going Mainstream As DeFi’s Most Accessible Product? appeared on BitcoinEthereumNews.com. Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X post, Rychko argued that prediction markets are entering the real world beyond crypto and that their accessibility is likely to result in their success as the first decentralized finance (DeFi) product that achieves mass adoption. “Most people will never open a derivatives exchange,” Rychko wrote. “But ‘87% chance Mamdani wins’ — that’s a language anyone speaks.” He added that “humans are lazy by design” and crave a “clean, digestible signal,” and said that prediction markets meet that demand by turning complex forecasts into simple data points. “That simplicity is precisely why prediction markets will find mass adoption faster than most DeFi experiments ever did.” Earlier this month, crypto-powered prediction market Polymarket received a $2 billion investment from NYSE parent company, Intercontinental Exchange, at a $9 billion valuation. Reports in early September suggested that Polymarket aims for a US launch that could value the company as high as $10 billion, following the appointment of the US President’s son to the company’s board of directors. Founded in 2020, Polymarket allows users to wager stablecoins on real-world events, from elections to sports outcomes. The platform surged in popularity during the 2024 US presidential election, when its activity and trading volume hit record highs. Prediction markets enter the zeitgeist Rychko noted that prediction markets have reached unprecedented levels of mainstream visibility in recent months. Prediction market and Polymarket competitor Kalshi’s New York City screen, which shows a live feed of the market dedicated to the city’s mayoral election, has attracted widespread attention, with the video drawing nearly 13 million views on X alone. Source: Kalshi Rychko described the display as “a public signal”… The post Prediction Markets Going Mainstream As DeFi’s Most Accessible Product? appeared on BitcoinEthereumNews.com. Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X post, Rychko argued that prediction markets are entering the real world beyond crypto and that their accessibility is likely to result in their success as the first decentralized finance (DeFi) product that achieves mass adoption. “Most people will never open a derivatives exchange,” Rychko wrote. “But ‘87% chance Mamdani wins’ — that’s a language anyone speaks.” He added that “humans are lazy by design” and crave a “clean, digestible signal,” and said that prediction markets meet that demand by turning complex forecasts into simple data points. “That simplicity is precisely why prediction markets will find mass adoption faster than most DeFi experiments ever did.” Earlier this month, crypto-powered prediction market Polymarket received a $2 billion investment from NYSE parent company, Intercontinental Exchange, at a $9 billion valuation. Reports in early September suggested that Polymarket aims for a US launch that could value the company as high as $10 billion, following the appointment of the US President’s son to the company’s board of directors. Founded in 2020, Polymarket allows users to wager stablecoins on real-world events, from elections to sports outcomes. The platform surged in popularity during the 2024 US presidential election, when its activity and trading volume hit record highs. Prediction markets enter the zeitgeist Rychko noted that prediction markets have reached unprecedented levels of mainstream visibility in recent months. Prediction market and Polymarket competitor Kalshi’s New York City screen, which shows a live feed of the market dedicated to the city’s mayoral election, has attracted widespread attention, with the video drawing nearly 13 million views on X alone. Source: Kalshi Rychko described the display as “a public signal”…