VC Investors Are Excited About Prediction Markets (Again)

At the end of the last decade, one of the early ways investors and founders thought they could harness blockchain technology was to run prediction markets. Proponents believed blockchain would help ensure payouts to winners, without the need to find a bookie and argue over results. 

Those efforts largely failed because those sites were clunky to use and failed to attract enough users. But venture capitalists are newly excited about prediction markets on blockchain this election year because the digital infrastructure underpinning crypto has matured.