Polymarket Establishes Research Arm, Funds Prediction Market Academic Research

BlockBeats News, July 29th, Polymarket announced the establishment of the Polymarket Institute, focusing on the information discovery and predictive capabilities of research prediction markets. The institute will set up a one-year research program, funding the first cohort of 12 doctoral researchers with $10,000 each; applications will open on August 18th. Participants are prohibited from trading on Polymarket or similar platforms during their tenure, and research results and code must be made public, with the researchers retaining the right to independent publication. (Fortune)