FROM PREDICTION MARKETS TO INFO FINANCE

Summary from the TLDR Crypto newsletter

In this post, Vitalik Buterin explores the concept of “info finance” – deliberately designed markets that elicit specific information from participants, with prediction markets being one early example. These systems can create better implementations of social media, science, news, and governance through mechanisms like distilled human judgment and decision markets. AI could enable efficient micro-markets by solving the problem of low volume. The convergence of scalable blockchains, growing trust issues, and AI capabilities make this the perfect time for info finance to take off.