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Vitalik: Last year, I made a $70,000 profit on a $440,000 principal on Polymarket.
Foresight News Exclusive, Vitalik stated in an interview with Foresight News that he earned $70,000 on Polymarket last year with a principal of $440,000. Vitalik said his strategy is to look for markets that are in “crazy mode” and then bet that “crazy things won’t happen.” The subfields on Polymarket that Vitalik关注 include politics, technology, and others.
Additionally, Vitalik mentioned potential oracle issues in prediction markets. He stated that there are mainly two ways to address this problem: the first is a centralized model, simply trusting a company like Bloomberg to provide accurate information. The second is Token Voting, which is a decentralized model, with UMA being a representative of this approach. Recently, trust in UMA has been declining. Hopefully, we can find a better solution in the future.