Ethereum

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vitalik-buterin-defends-polymarket-as-a-tool-against-misinformation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Vitalik Buterin Defends Polymarket as a Tool Against Misinformation</a><br></p>
<p style="text-align: justify">Vitalik Buterin, one of the co-founders of Ethereum , defended the Polymarket platform amidst criticism regarding its role in conflicts in the Middle East. He argued that Polymarket plays a vital role in combating misinformation that spreads on social media.</p>
<h2 id="buterin-supports-polymarket">Buterin Supports Polymarket</h2>
<p style="text-align: justify">Buterin emphasized Polymarket’s contributions to ensuring information accuracy. He noted that the platform helps reduce confusion by allowing predictions based on real events. His statement included the following:</p>
<blockquote>
 <p>There are various individuals making harmful and incorrect predictions about conflicts. Seeing the predictions of those investing in real events can help people maintain common sense.</p>
</blockquote>
<h2 id="polymarket-s-growth-and-funding-plans">Polymarket’s Growth and Funding Plans</h2>
<p style="text-align: justify">Polymarket gained popularity by allowing users to predict the outcomes of various events during the US election period. In May, Buterin participated in a $70 million investment round for Polymarket, which included investors like Peter Thiel’s Founders Fund.</p>
<h2 id="ethical-discussions-and-platform-boundaries">Ethical Discussions and Platform Boundaries</h2>
<p style="text-align: justify">The predictions made by Polymarket regarding Middle Eastern conflicts raised ethical debates. Buterin asserted his opposition to bets that could encourage illegal actions such as assassination predictions.</p>
<p style="text-align: justify">The platform operates on Ethereum’s Layer-2 <a href="https://en.coin-turk.com/polygon-matic-technical-analysis-overview/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon</a>, enabling users to buy and sell stakes with <a href="https://en.coin-turk.com/ripple-ceo-calls-out-sec-over-crypto-regulatory-clarity-concerns/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a>. Those who make accurate predictions can reclaim their stakes, while incorrect predictions render stakes worthless.</p>
<p style="text-align: justify">Recent reports also suggest that Polymarket plans to launch its own <a href="https://en.coin-turk.com/crypto-investors-anticipate-upcoming-developments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>, which will play a significant role in the platform’s future operations. This new cryptocurrency aims to increase user engagement and market liquidity.</p>
<p style="text-align: justify">The platform aims to ensure the free flow of accurate information without government or corporate censorship. Buterin expressed that this approach supports people’s access to healthy information.</p>
<p>The post <a href="https://en.coin-turk.com/vitalik-buterin-defends-polymarket-as-a-tool-against-misinformation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Vitalik Buterin Defends Polymarket as a Tool Against Misinformation</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Vitalik Buterin Defends Polymarket as a Tool Against Misinformation

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