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Prediction Markets and DAOs Are Cousins, Says Syndicate Co-Founder
Yahoo Finance· 2025-09-22 02:08
Prediction markets and decentralized autonomous organizations, or DAOs, may be closer cousins than most people think, according to Syndicate co-founder Ian Lee. There are strong similarities between the two, as both are fundamentally about blending social behavior and money, despite what terms suggest, he told Decrypt. (Disclosure: Decrypt’s parent company, DASTAN, operates a prediction market called Myriad.) “In the abstract, [DAOs are] about coordinating human capital and financial capital at the same ti ...