Decentralizing Prediction Markets: Augur Vs. Gnosis Vs. Polkamarketsby@kiefer-begum
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Decentralizing Prediction Markets: Augur Vs. Gnosis Vs. Polkamarkets

by Kiefer Begum4mFebruary 12th, 2021
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Prediction markets let traders and individuals leverage their knowledge to forecast outcomes for specific events or real-world scenarios. Decentralized prediction markets are smart contracts that stipulate who gets paid how much when certain conditions are met. The Iowa Electronic Market was established in 1988 and was used to predict who would win the presidential elections. Augur is another example of a prediction market based on the. Ethereum, in particular, has enabled prediction markets to realize their full potential through the power of smart contracts. The total prediction market volume averaged only $1 million per day through 2020.

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Kiefer Begum

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