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Where Are All the Decision Markets?

alexjaniak·May 12, 2026·Blog

Why It's Worth Reading

A clear-eyed diagnosis of why decision markets (futarchy) haven’t taken off despite the elegant theory. Identifies two structural problems: thin markets that can’t attract enough informed traders for idiosyncratic decisions, and a conditional-futures architecture where token-price-as-KPI is too noisy to incentivize rational trading. Covers MetaDAO and Combinator as current implementations grappling with these issues.

Some technical background helpful

Concepts

Platforms mentioned: MetaDAO, Combinator

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