What are prediction markets

Prediction markets are online platforms that allow individuals to buy and sell contracts that represent the likelihood of certain future events occurring. 

These events can range from political elections to the outcome of sporting events. In the world of cryptocurrency, prediction markets are often built on blockchain technology, allowing for decentralized and transparent operations. 

Participants can use cryptocurrency to buy and sell contracts and can potentially earn profits if they correctly predict the outcome of the event. These markets can be used as a tool for forecasting and decision-making in various industries.

Prediction markets are online platforms that allow individuals to buy and sell contracts that represent the likelihood of certain future events occurring. 

These events can range from political elections to the outcome of sporting events. In the world of cryptocurrency, prediction markets are often built on blockchain technology, allowing for decentralized and transparent operations. 

Participants can use cryptocurrency to buy and sell contracts and can potentially earn profits if they correctly predict the outcome of the event. These markets can be used as a tool for forecasting and decision-making in various industries.