Every great market starts by making something previously invisible tradable.
Options made volatility tradable or Futures made future prices tradable.
Prediction markets are doing the same thing now, But for variables we never had markets for:
• event probabilities
• conditional outcomes
• belief distributions
New market primitives are turning things we could only talk about into things we can finally trade.
One of the hardest things about building a crypto product is balancing being relevant in the moment and also enduring. So much of what we’ve seen the past 15 years has been easy come, easy go. What looks like short term winning is actually long term losing.
It takes a rare mental strength and belief in a greater mission to pull it off. But it’s more achievable than you think.
if we let the most powerful information primitive in modern finance die under the label of “just gambling” because we couldn’t tell the story right it would be a tragedy
This is wild.
As someone who has a genetic history of heart disease, I couldn’t be more thankful to the scientists behind this.
Even if not a true “cure”, it’s almost certainly a step in the right direction.
Eli Lilly has done it.
They've gone and made what seems to be a powerful, permanent gene therapy for LDL cholesterol.
That means they'll be able to effectively prevent most heart disease with a single infusion!
“It’s always fun to believe in founders, give them a check, and see what comes out the other side. You guys have *far* exceeded what we expected.”
Heard this from an investor today. Means a lot. Still much to do.
All credit to the NewCo team.
A joy and privilege to lead them.
Agreed with Alex, but i don’t believe that it’s a flaw with prediction markets as a technology.
Rather, it’s a flaw with how prediction markets are being used today.
True information markets are coming.
The only way that you can say that most people aren't using prediction markets for entertainment when a majority of prediction market volume comes from sports bets is to argue that most people betting on sports through prediction markets are doing so in order to hedge real economic risks, which is absurd.
Millions spend hours with AI characters.
But characters forget, creators don't earn, and the best experiences sit behind paywalls.
We raised $1.5M to build the character economy with @lattice_fund, @cbventures' Base Ecosystem Fund, @JME_Ventures; bootstrapped by @worldcoinfnd.