Grey release: Polymarket could be an alternative to traditional media
September 19 news, Grayscale Research believes that Polymarket has the potential to become a "source of truth" by leveraging the transparency and record-keeping of blockchain technology, the incentives of the market, and the collective intelligence of users, given the growing distrust of the media. Policymakers often need access to timely, accurate information, but according to a recent poll, trust in the media in the United States is currently at its lowest point in the past 50 years. Amid rising cases of misinformation, nearly three-quarters of American adults believe that the news media contributes to political polarization, and nearly half express little trust in the media's ability to report news fairly and accurately. Grayscale Research also believes that prediction markets can be part of the solution - especially those that leverage the power of blockchain technology.