Trueo to Migrate Prediction Markets Protocol to Ethereum Mainnet
- Trueo plans to migrate its prediction-markets protocol from Base, where it launched in March, to the Ethereum mainnet.
- The migration is driven by opportunities for broader integration, stronger network effects, and the development of a more reliable oracle.
- Vitalik Buterin expressed support for Trueo’s move, emphasizing its commitment to decentralization and ethical applications of prediction markets.
- In June, combined trading volume on Kalshi and Polymarket reached $44.8 billion, a significant increase from previous months driven by events like the FIFA World Cup.
- Robinhood reported $156 million in revenue from event contracts in Q2, surpassing revenues from stock trading and cryptocurrencies.
Trueo’s transition aims to enhance transparency and reliability in resolving disputes within prediction markets while continuing operations on Base until migration completion. This shift aligns with growing interest in prediction markets, which saw trading volumes exceed $40 billion last year.
With Vitalik Buterin backing Trueo’s focus on decentralization and practical applications, the sector continues to expand significantly as evidenced by a combined trading volume of $44.8 billion recorded recently. (Source)
