In 2024, the blockchain world is experiencing a pivotal moment as big institutions recognize the value of this technology. Blockchain-native prediction markets are emerging as a revolutionary crossover application, offering accessible and relevant information to all. These markets tap into the 'wisdom of the crowd,' shaping our understanding of future events. With Web3, superforecasters can be identified and rewarded with crypto incentives. Integrating prediction markets with DeFi opens up new possibilities, such as using market positions as collateral. This concept extends to gaming, social media, and cultural events, transforming user engagement and creating new revenue streams. Decentralized prediction markets like Azuro, Polymarket, and Betfolio are already operational. As these markets evolve and integrate with Web3, we can expect a surge in creativity and innovation. The future of prediction markets is bright, offering a diverse tapestry of human interests and experiences. Read more AI-generated news on: https://app.chaingpt.org/news