What are Prediction Markets?

How do prediction markets work?

  • Yes (i.e., Trump becomes the next US president)
  • No (i.e., he doesn’t become president at the 2024 election regardless of the reason*).

What is the difference between prediction markets and traditional betting?

Why is blockchain useful for prediction markets?

  • Pricing transparency — the code handling the price mechanism of an outcome can be seen by everyone (vs. closed models used by traditional betting platforms).
  • Worldwide availability — anyone can participate across the clock and settle markets using the most popular stablecoins.
  • 24/7 markets — markets are traded around the clock.
  • Self-custody — funds are held in a contract, and there is no middleman having custody of the assets.

Do prediction markets serve other functions?

Final words

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Yoso Protocol is a new prediction platform, built by the community, to further popularize the growth of prediction markets by leveraging blockchain technology.

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Yoso Protocol

Yoso Protocol

Yoso Protocol is a new prediction platform, built by the community, to further popularize the growth of prediction markets by leveraging blockchain technology.

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