Gray Scale: Polymarket May Become a Solution to Replace Traditional Media

Article is form Jinse
September 19, 2024
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On September 19th, Grayscale Research suggested that Polymarket has the potential to become a "source of truth" by leveraging the transparency and record-keeping capabilities of blockchain technology, market incentives, and the collective wisdom of its users, amid growing distrust of traditional media. Decision-makers often need timely and accurate information, but according to a recent poll, trust in media in the United States is at its lowest point in 50 years. With increasing cases of misinformation, nearly three-quarters of American adults believe that news media fuels political polarization, and almost half are distrustful of their ability to report news fairly and accurately. Grayscale Research also believes that prediction markets can be part of the solution – especially those powered by blockchain technology.

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