⚡Prediction markets

What are prediction markets?

Prediction markets are group of open platforms where individuals can set a price to predict the outcome of a future event.

Specifically, prediction markets are tied to a wide range of real-life activities and events such as economics, politics, sports, stock prices, IPOs, and even other events like album releases, box office performances, … etc.

The prediction market basically motivates the users to do extensive research and conduct analytical studies before investing their money to choose or predict future event outcomes for a potential profit which is typically based on their knowledge and gut feeling. The prediction market prices indicate the “crowd opinion” about the probability of this or that event. As such, one could witness impressive gains should one make a successful bet on an event the majority of people cannot predict.