Ryan Wyatt
@Fwiz • 388,638 subscribers
CEO, @CronosApp
Videos
A lot of discussion and announcements around prediction markets: purely for fun, I've built a demo app. Meet Betcha, my attempt to broaden the prediction markets TAM. 📊 Current state: Prediction markets like Polymarket and Kalshi are powerful truth-seeking tools because money on the line and arbitrage keep prices honest as new information hits. Most participants today are traders and bettors who are very fee-sensitive, so raising fees will be challenging. Growth has to come from much higher volume, which is achievable, but it will take time. 🏛️ Sportsbook/Regulatory Environment: Because CFTC-regulated event contracts create a potential path into some states that have not legalized sports betting, prediction-market rails can help sportsbooks reach markets they previously could not. Reframing parlays and prop-style outcomes as “predictions” is clever and expands reach from zero revenue in states where they can't operate sportsbooks to something. Still, these products will likely remain volume-constrained, struggling to match a traditional sportsbook’s vig. The positive is that the sportsbooks won't be getting gouged by state-level taxes as part of the process of leveraging prediction markets vs. sportsbooks. I still think this will be an exciting category that emerges, but it will take time. I want to see Polymarket build its own PM sports-specific app to compete here vs whitelabel (cc: Shayne Coplan 🦅) 📈 Market expansion thesis: Stop optimizing just for traders. Try building for the culture that lives on TikTok/Twitter/Reddit. They're already making predictions - just give them a scoreboard and an easier way to participate in returns. 🎪 Behavioral unlock: The mass market will never identify as "bettors." They want social proof, bragging rights, and gamified experiences. Critically, they're far less fee-sensitive when entertainment value is high, and that's the opportunity Prediction markets have a volume and take rate dilemma, and I think fun consumer apps like this can help solve it. Fine-tune the algorithm to serve event contracts I actually care about, let me lock in a pick fast, and build simple social features on top. Anyway, here's my demo. Any feedback/discussion is welcome!
Ryan Wyatt83,651 görüntüleme • 9 ay önce
Here's a quick little "Collective All Hands" on everything happening inside the optimism.eth ecosystem. I covered: 🖥️OP Stack chain builders 🛠️Developers building apps across the Superchain ~1.4 billion OP for builders available -- ~800M OP in Retro Funding, ~550M OP in Airdrops
fwiz.eth96,400 görüntüleme • 1 yıl önce
2.5 years ago, I testified in front of Congress. The message still stands, and although we've made progress, there’s more work to do! • Financial institutions are now building onchain. • Consumer products have hit product-market fit. • U.S. regulation is taking shape.
Ryan Wyatt25,716 görüntüleme • 6 ay önce
Counter-Strike News LMAO RAE this at least isn't as bad as me doing it to me and my entire team.
Ryan Wyatt16,081 görüntüleme • 4 ay önce
Daha fazla içerik yok.