Cardano and smart contracts: the bet on Polymarket
Cardano and smart contracts: the bet on Polymarket

Cardano and smart contracts: the bet on Polymarket

By Stefania Stimolo - 12 Aug 2021

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Polymarket submitted a bet regarding Cardano (ADA):

“Will Cardano support smart contracts on Mainnet by October 1st, 2021?”.

At the moment, the majority of participants are betting on “yes”.

Smart contracts not yet being active on Cardano, has prompted the Ethereum-based platform, Polymarket, to propose a bet on the matter. 

It was 14 July 2021, when the successful hard-fork on Cardano was announced:

“HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the Alonzo testnet to the new Alonzo White node. The new network is happily making blocks already”.

In practice, the progress of the Alonzo update would be the final step in the Goguen era of enabling smart contracts on Cardano’s mainnet. In this way, the possibility of giving life to the new decentralized applications on Cardano would be activated.

As is well known, however, the founder of ADA, Charles Hoskinson seems to have been criticized for his projections that did not meet some of the expectations within the crypto community. 

Against this backdrop, Polymarket’s dApp launched its market prediction, with participants betting on whether or not Cardano will release smart contracts by October 1, 2021. 

Cardano and Polymarket: bickering on Twitter

At the moment, the decentralized prediction marketplace, Polymarket, shows that the bet on Cardano has a total trading volume of $580 thousand, with the result seeing 85% of participants betting on yes, against 15% against. 

But Hoskinson himself seems unhappy about this initiative. In fact, on Twitter, the social network of crypto-lovers, Hoskinson expressed his disappointment with jokes. 

The first comment dates back to the day the bet was released:

“You people really make me laugh”.

Then, yesterday, his response to the platform’s provocation:


“You know what’s really funny, Charles? Cardano still not having smart contracts We’ll bet you $50,000 on Polymarket that you won’t have live smart contracts for Cardano $ADA by Oct 1st. Time to put your money where your mouth is, Charles. Winnings go to charity of choice”.


“Should we make them donate to nambla?”

Meanwhile, the fifth largest crypto by market capitalization ADA has seen a price pump in the last 24 hours. Indeed, at the time of writing, ADA is worth $1.80, a price last seen only last June 2021. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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