Prediction Market, simply explained

Prediction Markets are basically Futures Markets.

They are based on the concept of a binary event, i.e. an event that will or will not occur. In the world of finance, participants trade contracts whose profits vary depending on the outcome of future events: Prediction Markets make the results of such events exchangeable.

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https://hackernoon.com/prediction-market-simply-explained-449dd1c895f1?source=rss----3a8144eabfe3---4

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