Ethereum co-founder Vitalik Buterin recently shared his perspective, calling for prediction market platforms in the crypto space to shift their operational approach. He believes that the current market is overly focused on cryptocurrency price speculation and sports betting, which deviates from the core value that prediction markets should deliver.

Buterin advocates that prediction markets should be repositioned as "financial infrastructure for risk hedging," helping governments, enterprises, and individuals better manage political and economic risks. This shift means moving the market's focus from short-term hype to long-term practical applications—leveraging prediction mechanisms to assist decision-making, rather than serving as mere speculation tools.

This perspective reflects the deeper thinking of Ethereum core developers regarding the future direction of the crypto market: only when prediction markets can address real-world risk management challenges can they truly demonstrate their value within the financial system.