Vitalik Buterin: Prediction markets are healthier than traditional markets and help in seeking the truth.

Ethereum co-founder VitalikButerin argued that prediction markets serve as an antidote to irrationality on emotionally charged issues. He stated that their profit-and-loss mechanism creates accountability, pushing the system toward truth over time in a way social media cannot.

Buterin also described prediction markets as "healthier" than traditional markets. Because their prices are confined between 0 and 1, they are less vulnerable to manipulation, reflexivity, and "greater fool" dynamics.