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October 15, 2024
Advanced Systems

Prediction Markets and Polymarkets Explained

An introduction to decentralized platforms where users can bet on the outcomes of real-world events.

An abstract chart with interconnected nodes for prediction markets.

Prediction markets like Polymarket leverage the "wisdom of the crowd" to forecast future events, from election results to economic data releases. This article explains how they work, their potential as an information source, and the risks involved.