Prediction markets are platforms where people trade contracts based on the outcome of future events. These events can include elections, sports matches, cryptocurrency prices, economic indicators, or even entertainment results.

Instead of simply guessing, users buy and sell “shares” in possible outcomes. The price of each share reflects the market’s collective belief about the probability of that outcome happening.

How prediction markets work:
An event is created
Example: “Will Team A win the match?”
Users trade outcome shares
You can buy “Yes” or “No” shares based on what you believe will happen.
Prices move based on demand
If more people believe “Yes” will happen, its price increases.
Market settles after the event ends
The correct outcome pays out a fixed value (usually $1 per share), while incorrect ones become worthless.
Why people use prediction markets:
To forecast real-world events using crowd intelligence
To trade based on probability, not emotion
To gain insights from market-driven data
To participate in decentralized finance (DeFi) ecosystems

These markets are often considered more dynamic than traditional polls because they reflect real money-backed beliefs rather than opinions.

I recently came across a useful resource explaining prediction market trends and strategies in more detail:
https://www.malgotechnologies.com/polymarket-clone-script

Do you think prediction markets are a better way to predict real-world events compared to surveys or expert opinions?