Prediction Market
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Basics
- Betting platforms.
- Prediction markets (also known as predictive markets, information markets, decision markets, idea futures, event derivatives, or virtual markets) are exchange-traded markets created for the purpose of trading the outcome of events.
- A prediction market contract trades between 0 and 100%.
- In blockchain this would go through smart contracts.
Well Known Examples
- Two of the most well known examples are Augur and Gnosis.
- During 2020 Polymarket and Omen became popular, especially during the American elections.
