“Prediction markets proved their value in 2025. Polymarket and Kalshi reached $45 billion in combined volume on roughly 3,500 event contracts. Noise asks a different kind of question: not whether something will happen, but how relevant it is right now and where that relevance is going. The answer is inherently continuous. These are decisions people already make with diffused information. Noise makes the underlying relevance legible and tradeable.”
Increasingly untethered from material reality. This, versus proof of work.
