#美联储重启降息步伐 Major changes are happening in the prediction market landscape! Leading platform Polymarket is aggressively recruiting a team and planning to set up a dedicated in-house market-making department. What does this mean? The platform may directly participate in trading in the future, becoming the counterparty to its users.

Those familiar with this sector might recall Kalshi—its competitor has already gone down this path. What happened? Users were outraged, skepticism soared, conflicts of interest became a major controversy, and eventually, lawsuits followed. The result was a mess.

Now Polymarket is repeating the same move, and a new round of games is about to begin.

Let’s talk about the benefits first. What can a platform-run market-making team do? They can boost liquidity, speed up order execution, and make the market more active. The user experience could indeed improve.

But the risks are obvious: acting as both referee and player. It’s like a casino running its own house—who can guarantee absolute fairness when setting odds and matching orders? Kalshi’s experience is a warning—they were accused of setting unfavorable odds, and many traders suffered significant losses.

Innovation is necessary, and it’s understandable for platforms to try something new to gain market share and improve user experience. But ordinary participants must stay alert—the era of blindly following trends should be over.

How should you respond? Three key points:
First, pay close attention to rule changes. When platforms are making frequent moves, don’t end up being the one taken advantage of.
Second, trade rationally. Evaluate the real value of projects—no matter how hot the garbage, don’t touch it.
Third, manage your positions and diversify your funds. Don’t get cocky when you win, and don’t panic when you lose.

The Web3 world sees new stories unfold every day. Stay clear-headed, keep learning as you go, and that’s how you’ll survive and thrive in this game.