Yesterday, I was chatting with friends over dinner about this topic. Personally, I predict that before 2028, the most groundbreaking track in this industry will likely be prediction markets. At its core, a prediction market is essentially an exchange, one centered around binary options. Right now, Polymarket and Kalshi have grown so big that they’re hard to shake. Many friends think Polymarket and Kalshi aren’t suitable for the Chinese-speaking community, which makes it seem like starting a prediction market focused on this demographic would be tough. But actually, it’s not that the Chinese-speaking community isn’t suitable—it’s just that they’re less sensitive to politics, sports, and economics. For the Chinese-speaking community, or Asian friends in general, the concept of “0” or “1” actually has a unique advantage. The East Asian cultural sphere (China, Japan, Korea, Vietnam, Philippines) is often considered one of the most engaged groups when it comes to “gaming” or strategic participation. Just look at the contracts on exchanges, and you’ll see. So it’s not that prediction markets aren’t suitable for the Chinese-speaking community or China—it’s that the current model copied from Polymarket and Kalshi doesn’t fit the Asian market. To put it bluntly, without management talent with over 5 years of experience in the gambling industry, it’s impossible to create a good prediction platform tailored to the Asian market. How could a startup founder who doesn’t even know what House Advantage is possibly create an excellent prediction market for Asia? PS: Friends in Singapore who are interested can hit me up to chat about this topic. Bitget VIP—lower fees, better perks!