I observed an interesting phenomenon: some prediction market projects keep raising funding rounds, with continuous public offerings.

To be honest, leverage-based prediction markets are inherently a challenging and risky track. But this team, with just a demo, managed to go through multiple funding rounds quite smoothly? The logic seems a bit off.

The core issue is that the project's technical accumulation and funding scale seem severely mismatched. A simple product version supporting such a funding pace suggests either the story is being told very well or the risks are hidden very deep.

What I'm more worried about is the subsequent execution risk. Once problems arise in prediction market projects, it only takes one trigger to turn "difficult financing" into a "runaway wave." By then, the credibility of the entire track's projects could be damaged.