Prediction Markets and Beyond

web3 with a16z crypto

Andreessen Horowitz

Gaming, Blockchain, Web 3, Blockchains, Open Source, Business, Decentralization, Visual Arts, Computer Science, Ownership, Art, Entrepreneurship, Entertainment, Cypherpunk, Web 3.0, Music, Internet, Cryptography, Crypto, Computing, Web3, Innovation, Distributed Computing, Culture, Public Goods, Creator Economy, Arts, Technology

4.4 • 66 Ratings

🗓️ 22 November 2024

⏱️ 108 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On the premise and the promise of prediction markets, which hit the main stage with the most recent election -- what worked (and didn't) this time? We tease apart the hype from the reality of prediction markets, but also go more deeply into the how, why, and where these markets work; the design challenges and opportunities (including implications for builders); other information aggregation mechanisms; and more. Where do (and don't) blockchain and crypto technologies come in? What are some of the most interesting applications, including across trends like AI, DeSci, futarchy/ governance, and more?

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Web 3 with A6 and Z, a show from A6 and Z crypto about building the next generation of the internet.
0:10.6	I'm Sonal Choxi, and today's episode is all about prediction markets and beyond.
0:15.9	Our special guest is Alex Tabarak, professor of economics at George Mason University,
0:20.4	and chair and economics at the Merc Mason University, and Chair in Economics at
0:22.2	the Mercatus Center, and Scott Cominers, research partner at A6Cy Crypto, and professor at Harvard
0:27.5	Business School. Prediction markets hit the main stage in the recent election, which we cover
0:31.7	briefly, especially to tease apart the hype from the reality there, since people have talked
0:36.3	about the promise and premise
0:37.7	of these for a very long time. But we also go more deeply into the how, why, and where these
0:43.2	markets work, challenges and opportunities, including implications for designers throughout.
0:47.9	We also briefly cover other information aggregation mechanisms and discuss applications
0:53.4	for all these markets,
0:55.2	including touching on trends like putarchy, AI entering the market, D-Sai, and more.
1:01.2	About halfway through, we discuss where do and don't blockchain and crypto technologies come in.
1:06.3	And as a reminder, none of the following should be taken as business, investment, legal, or tax
1:10.6	advice.
1:11.4	Please see A6NC.com slash disclosures for more important information.
1:15.2	Be sure to also check out the show notes for this episode.
1:17.8	We have a really rich set of links, including all the research cited in this conversation.
1:22.8	But first, we begin with a quick overview of what prediction markets are.
1:26.9	The first voice you'll hear is
1:28.6	Alex's, followed by Scots. So I think a prediction market is a very simple idea. The bottom line is
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Andreessen Horowitz, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Andreessen Horowitz and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.