Solana Launches First Prediction Market 'World'
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Fool
- New Market Entrant: Solana has launched its first native prediction market, World, marking a significant shift from a meme-coin-centric blockchain to one supporting modern financial markets, which is expected to attract more users and enhance ecosystem activity.
- No Bank Account Needed: World operates entirely on-chain, allowing users to trade with just a Solana wallet, simplifying the funding process and likely drawing in younger crypto users to shift from meme coins to online predictions.
- Limited Market Choices: Currently, World offers only short-term predictions on Bitcoin and FIFA World Cup outcomes; however, it plans to expand into sports, politics, and macroeconomic events this summer, indicating substantial future potential.
- Potential 'Killer App': Investment firm VanEck predicts that if Solana finds a 'killer app,' its price could soar to $3,200, and with the Phantom wallet already boasting 20 million users, Solana's rapid scaling prospects appear promising.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
