Grayscale: The prediction market powered by blockchain has the potential to become a "source of truth"

BlockBeats news, on September 19th, according to Grayscale’s research report, due to the increasing distrust of the media, Grayscale Research believes that Polymarket has the potential to become a “source of truth” by leveraging the transparency and record-keeping capabilities of blockchain technology, market incentives, and collective wisdom of users. Decision-makers often need timely and accurate information, but according to a recent opinion poll, the trust in the media in the United States is currently at its lowest point in the past 50 years. With the increasing cases of misinformation, nearly three-quarters of American adults believe that the news media has exacerbated political polarization, and nearly half of them have almost no trust in the media’s ability to report news fairly and accurately. Over the past twenty years, technological and economic incentives have reshaped the landscape of traditional media, and decision-makers seem to be seeking alternative solutions. Grayscale Research believes that prediction markets can be part of the solution, especially those markets that harness the power of blockchain technology.