Last updated Nov 29, 2025
Chamath @ 00:24:24Inconclusive
marketstech
Within the next several years, a major unified trading platform will emerge that allows users, from a single account with shared margin and KYC/AML, to trade across asset classes including cryptocurrencies, prediction/betting markets, equities, and options.
Somebody needs to build the app that makes all of these things fungible and buy all what I mean are cryptocurrencies betting markets equities and options... That's where it's going.
Explanation

As of November 30, 2025, it’s too early to judge this prediction.

Chamath’s timeframe was "within the next several years" from October 24, 2025, so only about a month has elapsed—well short of the horizon implied by the statement.

Current market structure only shows partial steps toward what he describes:

  • Multi-asset trading platforms like QuantConnect already let users trade across several traditional asset classes (equities, futures, forex, options, cryptocurrencies) from a single environment, but they do not natively integrate regulated event‑betting/prediction markets into the same retail account with unified margin as described. (en.wikipedia.org)
  • Regulated prediction markets such as Kalshi focus on event contracts and don’t function as unified brokers for stocks, options, and crypto within one shared-margin account. (en.wikipedia.org)
  • Crypto‑native prediction platforms like Polymarket similarly center on event markets and are not fully integrated, mainstream multi‑asset brokerage apps that combine equities, options, and prediction markets under one KYC/AML umbrella. (en.wikipedia.org)
  • New infrastructure efforts like The Clearing Co aim to let brokerages bolt prediction markets onto existing offerings (stocks, crypto, etc.), but they are still in licensing/early-launch stages and have not yet produced the sort of dominant, unified end‑user app Chamath envisions. (wsj.com)

So, while no clear, dominant platform yet matches his full vision, the specified multi‑year window has barely begun. The correct status today is therefore inconclusive (too early to tell) rather than right or wrong.