Prediction market business seems to be governed by the same dynamics as DEX business - liquidity is the moat. Wondering how they'd be able to compete with Polymarket, which has an overwhelming majority of mindshare. I'd predict they will let people farm some tokens, BLUR-style. One funny thing about Polymarket is that because it's on Polygon and not Base/OP, I was about to use it a few times but was always too lazy to bridge. Wondering if they plan to go multi-chain soon. I don’t think Polymarket is planning to go multi-chain any time soon. Since Polygon was much earlier than Base/OP an Ethereum L1 alternative with low fees they have a good infrastructure and wide adoption. I have been using Polygon for long and have small amounts of Matic laying around everywhere. Since Polymarket has also a strong appeal on normies who don’t care what chain they’re on. Most of them probably don’t know Polymarket is on crypto rails what is actually a good thing. Probably the way to mass adoption of crypto is to build apps where you don’t (need) to know you are on crypto rails. It just works, and you use it and the benefits of being on crypto do their magic in the background. Anyway if Polymarket is to migrate anywhere it should probably move to a chain that protects users privacy and obscures their transactions. You don’t want your neighbours or your boss to know you are gambling :) Polygon Miden might be an option. https://polygon.technology/blog/privacy-a-fundamental-right-and-a-practical-necessity Interesting. This privacy-centric chain direction is a fair point. I guess they'd have to implement some compliance-focused features in case insiders wanted to make some prediction market bets. | |
