Vitalik: Probabilities given by prediction markets are usually more accurate than judgments formed by media influence

Jinse Finance reported that Ethereum founder Vitalik Buterin, in response to recent discussions about prediction markets, stated that in coin voting, if you vote incorrectly, there is no penalty; the only risk is that you personally might just push the result to the edge with a very small probability. In prediction markets, however, if your judgment is wrong, you will lose money, and if you bet big, the amount you lose will also be significant. Personally, I feel that the probabilities given by prediction markets are usually more accurate than the judgments I form under the influence of (professional or social) media atmosphere. They actually help me stay rational and not overestimate the importance of things (but also allow me to realize the significance when something truly important happens).