2023-06-15 17:19:32
Decentralizing Prediction Markets
The prediction markets are not broken. No, they are working exactly as designed – pumping as much money as they can out of their customers and directing it to centralized entities. They work on blind trust, as only the house has the final say on whether to pay or not to pay the won money to their customers.
But, what if there was no house in the first place?
Such an idea would result in the creation of a whole new space, a decentralized predictions market where the people will work and win in a P2P manner. The same idea was employed by FORE Protocol, a peer-to-peer predictions ecosystem powered by people in a decentralized manner.
By harnessing the power of blockchain technology, this project aims to revolutionize predictions, making them more inclusive, transparent, and resistant to manipulation.
However, we think it’s better to give examples and proof. To understand FORE Protocol’s utility, explore the examples above...
#DYOR #SponsoredPost #NFA
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