📊 仅有 1.3% 的政治预测合约具备足够流动性，其余几乎处于沉寂状态。

Stanford Business School Professor and advisor to a16z and Meta, Andy Hall, has highlighted issues within political prediction markets. According to Odaily, Hall's team developed a new dataset focusing on political prediction markets, liquidity, and settlement rules. Their research revealed that the majority of political contracts in prediction markets lack activity, with only 1.3% having sufficient liquidity. Additionally, platforms like Kalshi and Polymarket rarely list identical contracts with the same rules, leading to further liquidity fragmentation.

Hall proposed four improvements: first, listing contracts on core issues and collaborating with independent bodies to define markets of social interest; second, paying market makers to inject initial liquidity into political markets; third, introducing AI agents to trade in areas without human participation to generate necessary price references; and fourth, establishing unified definitions and settlement rules across platforms. Hall believes these measures will attract traders looking to hedge political risks, transforming prediction markets into truth machines needed by society.