In the last few cycles in crypto we went from NFTs->MEMEs->Prediction Markets. NFTs were culture. MEMEs were speculation and a dream. Prediction Markets are taking a model thats been around for decades (sports wagering) and greatly improving efficiency in giving value to the players. Predicition Markets take the best of NFTs (culture through sports/news) and MEMEs (speculation) while removing rug pulls and fraud as outcomes are not often defined by insiders. Prediction Markets will not be a 1 cycle hit, they will exist for the foreseeable future.