@molly0xfff Crypto buzz once again eclipsing a legitimately interesting idea, that being the creation of a market to “bet” on real life events. www.Kalshi.com is the project I’m most familiar with, but they all have interesting impact to economics research.
They essentially take the same dynamics that are used to evaluate risk in financial products and expand it to any observer-verifiable prediction you can think of. People are stupid individually, but the mean is typically freaky accurate.