Ethereum Creator Vitalik Buterin Bats For Polymarket’s Model Amid Concerns Over Betting On Israel-Hezbollah War
Ethereum (CRYPTO: ETH) co-founder, Vitalik Buterin, threw his support behind the cryptocurrency-based prediction market Polymarket, emphasizing its value in providing accurate information and preventing misinformation.
What Happened: On Monday, Buterin argued in favor of the so-called decentralized prediction market that has grown in popularity this U.S. election season.
The defense came in response to an X user finding issues with the multiple events on Polymarket’s site betting on the ongoing conflict in the Middle East, involving Israel, Iran, and Hezbollah.
“It feels wrong that Polymarket has an entire Hezbollah betting section that makes a war look like a football game to bet on,” the user said.
Buterin supported the platform, saying that it doubled up as a credible news website for viewers who otherwise are exposed to disinformation on social media.
“There’s all kinds of people (incl elites) on Twitter and the internet making harmful and inaccurate predictions about conflicts, and being able to go …
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