Uniswap founder interprets prediction market pricing discrepancies: not due to user structure issues, but caused by differences in event definitions and rules

Odaily Planet Daily reports that Uniswap founder Hayden Adams posted on X platform that the prediction market Kalshi prices the “U.S. acquisition of Greenland” at about 42%, while Polymarket prices it at only 15%–23%. Such a significant price discrepancy is not due to differences in user groups, but more related to the specific betting targets themselves. If it were just a matter of different user structures, a trader with access to both major platforms could quickly arbitrage away the price difference. However, the actual situation may be: Polymarket’s “probability of happening within 2026 (currently about 23%)” and Kalshi’s “probability of happening during Trump’s entire term (currently about 45%)” are not the same event. Additionally, differences in question phrasing, settlement conditions, oracle design, and risk pricing logic can all lead to different pricing.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Hayden Adams: Uniswap wins lawsuit against Bancor for patent infringement

Uniswap wins in lawsuit against Bprotocol Foundation and LocalCoin Ltd., with lawyers stating it did not infringe on related patents. Uniswap Labs reaffirms its protocol code is open source and opposes the allegations.

GateNewsBot19m ago

Data: 2.193 million UNI transferred from an anonymous address, worth approximately $7.43 million

ChainCatcher message indicates that at 02:14, 2.193 million UNI (worth approximately $7.43 million) were transferred from one anonymous address (starting with 0x9c98...) to another anonymous address (starting with 0xf129...).

GateNewsBot8h ago

a16z interview summary: Why do open networks always succeed?

The article discusses that the core issue of the global network is trust, not performance. Christian Catalini emphasizes that the concentration of control in enterprise chains makes it difficult for the market to trust their ability to create neutral monetary networks. In contrast, Bitcoin is favored for its historically verified neutrality. The article also proposes three dimensions of neutrality: rule neutrality, access neutrality, and利益 neutrality, and suggests that entrepreneurs consider their positioning to decide whether to open source and what strategies to adopt. Ultimately, whether to open source or not relates to the ability to establish an open network.

PANews02-06 00:01

Bitwise submits Uniswap ETF application to the SEC

Gate News bot message: Bitwise has filed Form S-1 with the U.S. Securities and Exchange Commission (SEC) to register for the issuance of the Bitwise Uniswap ETF, with registration number 0002107400. The ETF is based on $UNI.

GateNewsBot02-05 21:59

Is this the crypto winter? Market changes after regulatory reforms

This report analyzes whether the current cryptocurrency market has entered a winter, pointing out that past winters were caused by internal issues, while the current situation is driven by external factors. The market structure is divided into regulated and unregulated regions. Future bull markets will depend on new application scenarios and favorable macroeconomic conditions. Based on this model, talent loss and trust collapse are still occurring, but overall, there are no signs of market collapse.

区块客02-05 13:17

Whale 0x9671 Executes Major Token Swap: Sells XAUT and ETH to Acquire $2.58M in UNI

Gate News bot message, Whale address 0x9671 conducted a significant portfolio rebalancing operation. The whale sold 242 XAUT worth $1.19 million and 461 ETH valued at $985,000. Following these sales, the whale purchased 682,087 UNI tokens for a total of $2.58 million.

GateNewsBot02-05 04:48
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)