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100 sats \ 2 replies \ @mega_dreamer 1 May \ parent \ on: What to improve for the Predyx platform? devs
Yes we want to - so far we haven't found a perfect bitcoin only solution for it.
We wanted to start with non-custodial modal using taproot assets - like issuing shares for the markets on taproot assets etc, but the UX of taproot assets is still very complex.
The other option is to use Polygon chain for state management/smart contracts along with wrapped invoice on LN, but not all the wallets support wrapped invoice. Plus using Polygon for smart contracts defeats the purpose of Bitcoin only Prediction Markets.
But eventually our goal is to make it non-custodial and decentralized in the end. We'll get there as there are more advancements on L2 Smarts Contracts.
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Yes "gambling" and "Prediction markets" are like apple and oranges.
In the early days, just like how Bitcoin was seen or perceived as a drug money used only criminals, in the same way many smart people still see "Prediction markets" as gambling.
This happens to any new asset class.
A good question to ask is: If Prediction markets were gambling, how come Kalshi has been winning all the court injunction in Nevada and New Jersey?
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