Just had a thought: since prediction markets like Polymarket allow people to bet on all kinds of events, doesn’t that mean they could theoretically be used to hedge against gas fees too?

For example, take the Base Fee on the Base chain as the underlying. You could create a market on Polymarket like “Will the average Base Fee over the next week exceed X Gwei?” Miners or whales who want to lock in costs could just buy the corresponding position, right?

Wouldn’t that essentially function as a Base Fee futures market? And you wouldn’t even need to build a complicated derivatives protocol—just use the existing prediction market infrastructure.

Not sure if there are any technical pitfalls, but the logic seems sound, doesn’t it?