Coinbase CEO: Predicts Market is a Replacement for Traditional Media, More Genuine Than Traditional Polling Signals

BlockBeats News, December 19, Coinbase CEO Brian Armstrong expressed his views on the prediction market in an interview, stating, "The prediction market is much more than just sports or policy betting. It is actually an alternative to traditional media, where you can get real signals from the market. Policymakers can use it to determine the best policies to implement and understand what would happen if these policies were actually put in place. The prediction market has a stronger signal than traditional polls, as telling the truth is incentivized, while lying carries a strong economic penalty."