Prediction Market

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.