Syndicate Co-Founder Highlights Connection Between Prediction Markets and DAOs

According to BlockBeats, Ian Lee, co-founder of Syndicate, recently discussed the potential closeness between prediction markets and decentralized autonomous organizations (DAOs). He noted that both involve the integration of social behavior and capital. Lee emphasized that DAOs inherently coordinate both human and financial capital, while prediction markets align funds with collective intelligence, making them a form of DAO. Lee argued against viewing prediction markets merely as "gambling tools," suggesting instead that they should be seen as "social financial networks." Currently, platforms like Kalshi and Polymarket are experiencing active trading. Kalshi's monthly trading volume has surpassed $1 billion, while Polymarket recorded 226,000 active traders last month, with a similar trading volume of approximately $1 billion.