Joey, co-founder of Augur, reflected on the decade-long evolution of prediction markets, emphasizing initial challenges such as liquidity issues, poor user experience, and regulatory uncertainty. He highlighted the importance of addressing oracle problems and enhancing accessibility rather than focusing solely on decentralization. Joey praised Polymarket for its success in attracting non-crypto users through real-time predictions and high liquidity. He also noted the potential of prediction markets in risk management, particularly in countering the financing of terrorism. Joey suggested that clear regulations could attract institutional investors, though he warned that excessive regulation might stifle innovation.