What happens when traders vote with dollars instead of press releases or polls? That question sits at the center of prediction markets and it’s the right place to start because it reframes two common, misleading claims: that markets are omniscient…

A decentralized autonomous organization controls $2.3 million in stablecoins, protocol tokens, and Ethereum. The treasury is held in a multisignature smart contract, but five of its nine signers use MetaMask on personal laptops. Two signers share a phone, one runs…