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


New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …