?Predictive BTC markets?
A decentralized predictive market is a platform where you bet on the results that future events will have. That is, information is speculated and traded in it. This concept had already been explored in the traditional financial sector, but in the DeFi ecosystem the feature is added that this service is automated and does not need a third party to be the arbitrator of a dispute.
The users of these platforms deposit money in their smart contracts with the aim of making money if they forecast the correct result. In decentralized predictive markets you can bet on political, weather, sports, financial forecasts and any other important event that occurs in the flesh and blood world. For example, the United States elections have twice caused a large movement of users and transactions on these platforms, as people speculate on the electoral results.
One of the best known Ethereum platforms for predictive markets is Augur, which continues to grow in popularity over the years. It is followed by GNOSIS, first introduced in 2017.
