Vitalik Buterin Calls for Prediction Market Reset

Ethereum co‑founder Vitalik Buterin publicly questioned the current direction of prediction markets and called for a reset of the sector, arguing that many platforms have drifted toward short‑term speculation rather than serving broader economic needs ^[1][4].

Buterin proposed that prediction markets should pivot from short‑term betting and evolve into hedging platforms that provide price‑stability tools for consumers, framing the change as a functional reorientation rather than mere market tinkering ^[2][3].

He sounded an alarm about the state of current prediction markets and urged builders and platforms to prioritize products that enable hedging and longer‑term risk management for users ^[1][2].

Buterin’s call centers on transforming prediction markets into instruments for hedging and consumer price stability rather than short‑term speculative betting, a proposal reported across multiple crypto outlets ^[2].