Vitalik: The probabilities given by the prediction market are usually more accurate than the judgments formed by media influence

According to Odaily Planet Daily, Ethereum founder Vitalik Buterin said in response to recent discussions about prediction markets: "In coin voting, if you vote wrong, there is no penalty, and the only risk is the tiny probability that you personally might push the result to the edge.

In the prediction market, if you make a wrong judgment, you will lose money, and if you bet big, the loss will be large.

I personally find that prediction markets often give me more accurate probabilities than the ones I'm influenced by the (professional or social) media landscape. They actually help me stay grounded and not overestimate the importance of things (but they also help me recognize the importance of truly important things when they happen).