Jan 18, 2022 - Sports and political betting are the most popular genres of prediction markets today. This project examines blockchain-based prediction markets. Global prediction market protocols allow anyone to create a community-owned-and-operated marketplace to bet on the outcomes of future events, such as whether countries will fulfill their climate change commitments on time. The next multibillion-dollar prediction market will be a smart contract protocol deployed as a public utility on the Ethereum blockchain, where user ownership will intensify network loyalty and engagement. Implementation challenges include voter apathy, stakeholder alignment, ongoi...

Sep 28, 2017 - A new phenomenon—initial coin offerings—enabled through blockchain technology is upending basic tenets of twentieth-century capitalism. This project frames the opportunity in terms of addressing the tragedy of the commons. He studies the development and ramification of the emerging token economy and walks through the landscape of token types. He previews the economic effects of digital scarcity, tokens as powerful incentives, and the legal and policy ramifications for securities law and property rights.