Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Vitalik Weighs in on Hezbollah Betting on Polymarket

Vitalik Weighs in on Hezbollah Betting on Polymarket

CryptotimesCryptotimes2024/10/01 14:33
By:RajpalsinhDhara Chavda

According to Vitalik, the internet and X (Twitter) are filled with people who make online predictions about wars and conflicts.

Vitalik Buterin, co-founder of the Ethereum blockchain, stated on X that he supports the existence of the Hezbollah betting section on Polymarket, sparking debate on the social media platform.

I support these existing. The point of polymarket is that from the perspective of traders it's a betting site, but from the perspective of viewers it's a news site. There's all kinds of people (incl elites) on twitter and the internet making harmful and inaccurate predictions…

— vitalik.eth (@VitalikButerin) October 1, 2024

The discussion started after a crypto community member on X, Legendary, raised concerns about the Hezbollah betting section on Polymarket, saying it ‘makes a war look like a football game to bet on.’

In response, Vitalik Buterin said, “I support these existing”. He highlighted the different perspectives of users on Polymarket, saying “The point of polymarket is that from the perspective of traders it’s a betting site, but from the perspective of viewers it’s a news site.”

According to Vitalik, the internet and X (Twitter) are filled with people who make online predictions about wars and conflicts. But, he doesn’t think that everyone making predictions actually has direct involvement or “skin in the game.” In simple words, these predictions are not directly affected by the outcomes, according to Vitalik Buterin. 

The Ethereum co-founder clarified that the goal isn’t to “make money from bad stuff happening,” but rather to create an environment where people are held accountable for what they say. This way, both “unjustified fearmongering *and* unjustified complacency are punished, without the intervention of government or corporate censorship.

In response, Chainlink community liaison Zach Rynes asked another question about the risk of assassination prediction markets, where someone might go for a real-life action to influence the result.

Vitalik Weighs in on Hezbollah Betting on Polymarket image 0

Buterin replied “Buterin said he would oppose such markets. “To me, the dividing line is: is the market acting as a primary *incentive* for people to do bad things so they can insider-trade on them.”

Follow The Crypto Times on Google News to Stay Updated!
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Famous CEO Lists the Seven Best Altcoins to Watch in 2025!

Famous CEO Anthony Scaramucci listed the altcoins that stand out for 2025.

Bitcoinsistemi2025/01/10 15:44

Funding Turned Negative in Bitcoin! Have Bottom Levels Been Seen? Here Are the Details

Bitcoin’s perpetual-term funding rate has turned negative, and the development could signal a local price bottom, according to analysts.

Bitcoinsistemi2025/01/10 15:44

This Altcoin Investor's Story Will Set an Example for Everyone! "From a 90 Percent Loss to a $2.5 Million Profit!"

A 90% investor made a $2.5 million profit from Solana (SOL)-based memecoin thanks to his patience.

Bitcoinsistemi2025/01/10 15:44

What Should Bitcoin Investors Do Now? CryptoQuant Analyst Examines Technical Indicators and Reveals the Best Option!

CryptoQuant analyst said that the upward trend in Bitcoin continues and that he does not recommend investors to sell.

Bitcoinsistemi2025/01/10 15:44