Welcome to Banklist, where today we are exploring prediction markets. There are a ton of questions

going around about prediction markets. Maybe initially, what are they? But really, why are they

capturing so much attention right now? Who are the big players? Where do they come from? And maybe

the big question is how big are

prediction markets and how big can they get? Some people think that they're going to become

absolutely huge. And then why are prediction markets sometimes compared to sports betting platforms

and why that's a bad comparison, why prediction markets are just going to be so much larger than

sports betting platforms.

And lastly, are prediction markets good?

Are these things good for society or are they just new ways to gamble?

These are the topics that we're going to dive into here on the episode today.

Ryan, how you doing, my man?

I'm good.

I'm a little bit sick, but, you know, this voice is going to carry through. I do think it's time now for a prediction markets episode, right? Yeah. I mean, we've been bullish on prediction markets for a very long time. I've kind of seen them grow via crypto. They were one of early Ethereum use cases with, you know, Auger. Polymarket was born on Ethereum.

It's very crypto-native.

And it seems very much like a breakout application that's gone mainstream this cycle.

So I want to talk to you about how much crypto is actually involved in these prediction markets as well.

And how many, like the crypto values that are instantiated

within them so good time to talk about all of this because I think they've just hit the next

inflection point of really expanding in scope but before we get there David we got an event coming

up what's happening yeah down in DevConnect this is for everyone who's going down to Buenos Aires for Ethereum's DevConnect, if you are one of those people. We are throwing the Bankless Summit. It's a one-day event. Think like TED Talks for Ethereum. All of your favorite speakers are going to be there. Doncrad, Ansgar, Tamash, the new co-ED of the EF. And then some other people as well, Luca from Layer 2, Beat, Shea from FlashB, Shai from FlashB, from Usuroy from Sysk. And then there's a bunch of just good talks. You're just going to sit in the seat. You're going to be entertained by some really good content. And you're going to be educated about people's different respective corners of the ecosystem. We also got Luca from M0 speaking. M0 came up with like the original concept of just like base stable coins that brands can wrap and customize features. We've seen this kind of explode onto the scene. M0 was the originators of this idea. Now they're pushing it even further. And they are also the sponsor for the Bankless Summit. So thank you, MZER for sponsoring. There's a link in the show notes. If you want to get a ticket, the sooner you get tickets for the bankless summit, the cheaper that they are. Because they go up in price over time, just like crypto. Just like crypto. And the crypto only goes up. Only goes up. Speaking of only going up, okay, prediction markets, they have only gone up in recent years. Let's start with the definition. What are prediction markets, David? Yeah. I think people are becoming more and more familiar with prediction markets, especially with South Park, made a whole episode on them, and then you had just Kyle from South Park explaining them. It's worth rewatching. What are you guys talking about? Prediction market app, dude. You know, online peer-to-peer betting. Yeah, it's social platform betting. People can make any bet they want and then other users take them up on it. Really? Yeah, it's pretty sweet, dude. People bet on anything, even stuff here at the skew. See? Will the girls soccer team win on Friday? Will there be a snow day this month? Will Kyle's mom strike Gaza and destroy a Palestinian hospital?

Will school lunch have tater tides next week?

...