Prediction Market

« Back to Glossary Index

It is a platform or exchange-traded market where the future outcomes of the events are traded. It indicates the confidence of the mass in a specific future event. They rely on the big sample sizes. Thus, as more people participate, the more data they will have and the more accurate they will be. Most of the contemporary prediction markets make use of the blockchain technology to offer various types of incentives in order to encourage people to bet on predictions.

« Back to Glossary Index

Check Also

coinbase-base-launch-layer-2-blockchain

Coinbase Base Launch: A New Milestone In The Crypto Industry

Coinbase, the world’s leading cryptocurrency exchange, has recently launched a new feature called BASE, aimed …

AdBlock Detected

Looks like you are using an ad-blocking browser extension. We request you to whitelist our website on the ad-blocking extension and refresh your browser to view the content.