Gambling for science: Ideosphere wants to fund research with prediction markets
Ideosphere wants to redirect crypto’s speculative energy into scientific prediction markets, betting on research results that finance scientific research.
The co-founders of the decentralized science startup Ideosphere told Cointelegraph they aim to redirect the speculative energy of crypto prediction markets toward financing early-stage scientific research.
Speaking to Cointelegraph at the Blockchain for Good Awards event in Copenhagen, Denmark, Ideosphere co-founder and head of technology Rei Jarram said that some research is considered too risky to invest in through traditional channels.
She said that seeing the volume of money flowing to crypto gambling platforms prompted the project’s founders to wonder “if you could kind of siphon some of that speculation away from gambling toward early-stage research.”