What does degen mean?

Short for degenerate, someone who bets big, often, and mostly for the thrill. Usually said with affection.

In prediction-market and crypto circles, "degen" flipped from insult to badge of honor. A degen takes the 4 a.m. longshot on vibes, stakes half their bankroll on a coin flip, and posts the loss with a laughing emoji.

The market needs degens, they supply the mispriced trades that careful forecasters profit from. Foresee is arguably the safest place on the internet to be one, since the only thing you can lose is play money and leaderboard rank.