Truemarkets, the decentralized prediction markets platform with its Project Lead Milli often dubbed as “Celebrity” and based in New York, has finally launched today with its native token, $TRUE.
Built on Ethereum and Base, Truemarkets first gained attention last year when Ethereum co-founder VitaliK Buterin “endorsed” it.
During its public NFT sale, VitaliK bought 400 Patron NFTs valued at 32 ETH – highlighting his interest in the platform. While Buterin’s involvement does not indicate formal endorsement, his participation generated significant momentum for the project.
The sale netted over $4 million with the ‘VitaliK stimulus’ pushing 3,300 Patro NFTs sold outs in less than 24 hours.
Truemarkets – The new player in the Prediction Markets
Truemarkets, much similar to Polymarket, creates a binary trading market on the event of the question for two answers – Yes/No.
As a Prediction market, it allows users to predict the outcomes of real-world events, aiming to break the information asymmetry related to global news.
It is integrating AI-driven mechanisms and a novel economic model to enhance accuracy and decentralization. Such markets are enabling people to express real-time sentiment about the likelihood of potential outcomes, aiming to revolutionize the market-driven forecasting.
Unlike traditional prediction markets, which rely solely on human speculation, Truemarkets is incorporating automated intelligence to refine market efficiency and mitigate bias. The platform is built with an on-chain settlement mechanism using Uniswap V3, ensuring full transparency and decentralization.
Truemarkets Is Officially Live!
Covering hundreds of markets across a variety of topics, Truemarkets aims to be the preeminent information aggregation tool on @base!
From politics to pop culture, the App tracks breaking headlines in real time, acting as an Oracle that brings… pic.twitter.com/3VMQfpDP7d
— Truemarkets (@Truemarketsorg) March 11, 2025
The Rise of On-Chain Prediction Markets
With its official launch, Truemarkets enters a competitive landscape dominated by established platforms like Polymarket.
Prediction markets have gained significant attention, especially after users on Polymarket—the leading decentralized prediction platform launched in 2020—made accurate forecasts during the 2024 U.S. Presidential Elections on its platform.
Ethereum co-founder Vitalik Buterin has also expressed enthusiasm for prediction markets. In one of the Vitalik’s blog posts from November 2024, he explored the broader concept of “Info Finance” within prediction markets, highlighting their potential impact on decentralized forecasting.
Ethereum co-founder VitaliK Buterin says, “prediction markets even as they exist today are a very useful tool for the world, and they are only one example of a much larger incredibly powerful category.”
The kind of predictions that can be made on Truemarkets include market trends and betting on questions like ‘Is Nvidia the largest company in the World?’, ‘Will Jisoo Win BLACKPINK’s Solo Crown in 2025?’, or predicting the TVLs of various Blockchains, such as Ethereum, BeraChain, among others.
It allows prediction for football matches’ winners, viz., La Liga Winner, and also enables users to present their sentiments on ongoing geo-political issues.
The Truemarket App tracks breaking news headlines or market trends in real time, acting as an Oracle that brings real-world data to your favorite onchain ecosystem. Further, it is also open to adding new creative market ideas or suggestions, from users via its Discord community.
Can it compete with Polymarket?
While Polymarket has long been regarded as the leader in decentralized prediction markets, Truemarkets introduces unique features that could challenge its position.
One key differentiator is its AI-powered market creation system, which enables a more automated, scalable approach. Additionally, it emphasizes a permissionless framework, allowing users to create and engage with markets in a decentralized manner, avoiding the regulatory hurdles that Polymarket has faced in the past.
Earlier this year, it even acknowledged the Polymarket community in its outreach efforts, encouraging active participants in Polymarket’s Discord server to check eligibility for potential airdrops. This strategic move hints at an effort to attract users from existing prediction platforms.
The Future of Decentralized Prediction Markets
Decentralized prediction markets have gained traction as a method for crowd-driven forecasting across politics, finance, and global events.
By leveraging blockchain technology, these platforms are offering an alternative to traditional polling and market research firms, often yielding more accurate results due to financial incentives tied to truthful predictions.
However, regulatory scrutiny remains a challenge. Prediction markets, particularly those dealing with political outcomes, have faced increasing oversight from authorities such as the U.S. Commodity Futures Trading Commission (CFTC).
While Polymarket previously faced regulatory penalties, Truemarkets’ permissionless model may provide a potential workaround by minimizing reliance on centralized control.
It has also hinted at upcoming token incentives, with users expected to receive TRUE tokens as part of future rewards and governance mechanisms. This move aligns with the broader trend of decentralized finance (DeFi) platforms utilizing native tokens to enhance user engagement and liquidity.
Thus, the blockchain community will be closely watching how Truemarkets navigates adoption, competition, and regulatory challenges in the coming months. Whether it can surpass established players or carve out a unique niche remains to be seen, but for now, the official launch marks a major milestone in decentralized forecasting.
The post Truemarkets, Once VitaliK Buterin’s Attraction, Officially Launches as a Decentralized Prediction Market appeared first on CoinGape.
