a16z: Predict that the market will deeply integrate with crypto and AI by 2026, requiring a "truth consensus" mechanism to address a large number of contract arbitration issues.

CoinWorld News, January 9 — Andy Hall, a16z crypto research advisor and professor of political economy at Stanford University, stated that prediction markets have now become mainstream. By 2026, they will be deeply integrated with cryptocurrencies and artificial intelligence, becoming larger, more widespread, and smarter — while also presenting new challenges for builders that need to be addressed. First, more contracts will go live this year. This means participants will not only be able to access real-time prediction probabilities for major elections or geopolitical events but also cover various granular outcomes and complex intertwined events. As these new contracts disclose more information and integrate into the news ecosystem (which is already happening), they will trigger important social issues: how to balance the value of this information? How to optimize design to enhance transparency, auditability, and other possibilities? Blockchain technology is providing the foundation for this. To cope with the surge in contracts, the market needs new “truth consensus” mechanisms to resolve contract adjudications.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)