Jason Fung, Head of Global Partnerships: The prediction market should not only be a "trading market," but should also become an open ecosystem for users to create markets

On August 21, the GATE ZONE fireside chat event took place in the Summer Bay area of Coinfest Asia, where Gate Head of Global Partnerships Jason Fung shared insights on the theme "Predicting the Biggest Market Opportunities." He discussed the competitive landscape of prediction markets, user-created markets, the Builder ecosystem, and future market opportunities. Jason Fung stated that as on-chain prediction markets continue to develop, industry competition will no longer focus solely on liquidity and trading volume. Instead, lowering the barriers to market creation, diversifying market types, and enabling more users to participate in market building will become important directions for the future development of prediction markets.

Regarding the recent launch of the event contract Builder by Gate DexBuilder, Jason Fung mentioned that enabling users to create markets independently is an important step towards the openness of prediction markets. By lowering the barriers to creating and launching event markets, users can quickly build markets around popular events and explore more niche themes and potential demands, thereby driving the evolution of prediction markets from a product form dominated by a few platforms to a more open market ecosystem.

Jason Fung believes that there are still many opportunities in prediction markets that have not been fully explored, and their application scope is expected to continue extending from popular fields such as politics, sports, crypto, AI, and entertainment. As more developers and entrepreneurs enter this space, the Builder ecosystem, market diversity, and user experience will become important driving forces for industry development, and on-chain event markets are expected to further expand from early user groups to a broader user market.