We saw limitless being oversub on kaito launchpad at 200x.
Clearly the demand for prediction market is overwhelming.
Yes limitless has the additional narrative of base hence it’s particularly attractive.
But still..
because there’s so much demand.
We will see PM being launched on every chain.
We have Polymarket on polygon.
Myriad markets on abstract.
Foresight on katana.
No idea what kalshi is on. It’s non-crypto right.
And when I went to Token2049 this year, I saw a new PM, sui market, on sui chain.
That’s gonna launch in Q4.
Competition is good.
People have more choices.
Fees will be cheaper.
The issue is when liquidity gets fragmented.
So users suffer from slippage.
And when you buy a small position, you end up shifting the entire market.
That’s an issue that users face.
And I predict that the smaller PMs will cease to exist as time goes by if they cannot overcome this issue.
People will flood towards the popular ones cause of deeper liquidity naturally.
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