Vitalik Buterin backs Trueo as it moves from Base to Ethereum L1

Ethereum co-founder Vitalik Buterin endorsed Trueo as a strong prediction market contender and called it ethical. In an X post, Buterin said he was glad to see Trueo migrating from Base, where it initially launched in March 2025, to the Ethereum layer 1 chain. He highlighted Trueo's commitment to decentralization and described it as an alternative to corporate-influenced platforms. Buterin has defined corposlop as prioritizing profits over consumers' well-being. He also said Trueo was trying to do interesting and meaningful things with its economic primitive. Trueo says it aims to provide more impartial and credible outcome resolution than market leaders such as Polymarket and Kalshi. Trueo said due process in dispute resolution is severely lacking despite the growth of prediction markets over the past five years. The article cited disagreement over some outcomes and said Kalshi was sued earlier this year for refusing to pay millions of dollars to bettors who predicted that Iran's supreme leader would leave office before a March deadline. Trueo also issues the True Yield Dollar stablecoin, which rewards users for holding or maintaining prediction-market positions. The stablecoin is fully backed by and redeemable for USDC. Buterin was among the notable backers of Polymarket's $70 million funding round in 2024. He has argued that losing bets can cause financial losses that, over time, make prediction markets more truth-seeking and better at reflecting genuine probabilities. He has also said the platforms could theoretically give people a reason to cause harm because they could profit from bad outcomes. Kalshi and Polymarket together account for nearly 94% of monthly notional volume on prediction market platforms, according to Dune Analytics.