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In the cycle from 2026 to 2028, the prediction market and on-chain brokerages are both generally viewed as having the greatest potential. Although the former faces compliance challenges, solutions will always be found. Currently, it is still in the early stage of wild growth, and the market space has not yet been fully unleashed. In comparison, the logic of on-chain brokerages is more complex, and the difficulty level is higher — there is no mature prototype visible yet, and the entire track is still in the exploration stage. From a development perspective, the prediction market has at least a clear evolutionary direction, while the path for on-chain brokerages is much more ambiguous. In comparison, the former is indeed more likely to break through first.