EVERYBODY'S TALKING ABOUT PREDICTION MARKETS

Summary from the TLDR Crypto newsletter

a16z crypto's newsletter features a deep-dive on prediction markets with economics professors Alex Tabarrok and Scott Kominers, exploring how these markets work, their design principles, and intersection with AI and futarchy trends, while addressing what prediction markets are good for and where blockchain technology fits into the ecosystem. The edition also includes fundraising advice for founders to abandon the "not-raising-raise" playbook popular during 2020-2021's zero-interest-rate environment, instead returning to structured, intentional venture capital pitching processes rather than hoping for preemption from opportunistic VC meetings. Industry updates highlight Morgan Stanley's partnership with Zerohash to offer crypto trading on ETrade in 2026, Coinbase and CloudFlare's x402 protocol foundation for AI-driven payments enabling direct web transactions without accounts or API keys, and CloudFlare's new dollar-backed stablecoin for "instant and secure" agentic web transactions.