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Can Prediction Market Boom Continue After Election? This Crypto Team Has a Plan

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Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

SALT LAKE CITY — As Kyle DiPeppe sees it, crypto's prediction market fad has a looming expiration date: Nov. 5, 2024.

DiPeppe mused:"Once November 6 hits, is there enough liquidity" to keep market makers and other behind-the-scenes players sufficiently interested to support trading on prediction markets? He doubts it. "There's clearly people interested in sports betting. It's all short-term, same thing with crypto: It's a lot of memecoin, short-term trading," DiPeppe said."So how do we cater with a market type that fits this shorter-term time frame?"Doing away with stock market-type trading gives Hedgehog more flexibility in engaging its user base, said DiPeppe.

Hedgehog's dispute resolution is cleaner, DiPeppe argued. A custom-made market that ends in purgatory can simply return the same amount of money to bettors that they originally put in, he said.

 

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