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Vitalik Buterin: Hedging on Prediction Markets Could 'Replace Fiat Currency'
Yahoo Finance· 2026-02-16 17:30
Ethereum co-founder Vitalik Buterin has argued that hedging on prediction markets could provide the same kind of price stability as stablecoins, potentially rendering fiat currency unnecessary. In a long tweet, Buterin offered his views on how to make prediction markets more useful, with the Russian-Canadian programmer arguing that, while achieving a “high level” of success, they are currently producing an increasing quantity of “corposlop.” He wrote, “[Prediction markets] seem to be over-converging to a ...