New GnosisDao Bets on ‘Futarchy,’ a Prediction-Market Governance Model

Gnosis CEO Martin Köppelmann told CoinDesk the DAO’s voting proposals “can be really wide-reaching: product roadmap decisions, treasury management, starting new ventures, funding public goods. Because any protocol change will have an associated prediction market where traders are betting on its impact, Gnosis users can judge a proposal based on the market’s attitude (whether traders overall think it’s good or bad for Gnosis).

Gnosis will bootstrap these markets using funding from Gnosis’ treasury of 150K ETH and 8 million Gnosis tokens (GNO). At launch, the Gnosis treasury will allocate 1,000 ETH and 20,000 GNO into the GnosisDAO’s prediction markets.

Timeline of Gnosis-gno, Ethereum