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What should the ideal form of a prediction market look like? I believe these elements are indispensable:
Open market creation rights — Anyone can launch a new prediction market without any barriers. This allows the market to evolve naturally rather than being controlled by a central authority.
Creator's revenue mechanism — Transaction fees generated from trading flow to the market creators, forming positive incentives. With someone creating and someone maintaining, the ecosystem can stay active.
DeFi expansion potential — Data and liquidity from these prediction markets can be leveraged to develop a full suite of financial products such as lending and derivatives. Prediction data itself is a high-value asset.
Fully automated settlement — Results are fetched automatically via on-chain oracles, and settlements are executed automatically, making the entire process transparent and requiring no manual intervention. This is the key to true trustlessness.
The core is: complete autonomy, zero permission barriers. Let the market, incentives, and mechanisms speak for themselves.