Syndicate co-founder: Prediction markets are closer to DAOs, both involving the "combination of social behavior and capital"

Odaily Planet Daily News: Syndicate co-founder Ian Lee recently stated that prediction markets and decentralized autonomous organizations (DAOs) may be closer than some people realize, as both involve "the integration of social behavior and capital." Lee pointed out that the essence of DAOs is to coordinate human capital and financial capital, and prediction markets also coordinate funds and collective wisdom, and therefore can be considered a type of DAO. He emphasized that prediction markets should not be viewed solely as "gambling tools" but as "social financial networks." Currently, platforms such as Kalshi and Polymarket are active, with the former's monthly trading volume exceeding $1 billion, and the latter's active traders reaching 226,000 last month, also with a trading volume of approximately $1 billion. (Decrypt)