How to Use Prediction Markets: The Example of Predicta - (https://predicta.tg)
Humanity has always been driven by the desire to anticipate the future. From ancient prophecies to wagers and bets, predicting outcomes has long been part of our attempt to reduce uncertainty.
Even in the 16th century, figures like Nostradamus became famous for their political and cultural forecasts. In the United States, prediction activities tied to presidential elections were common until the 1940s.
Traditional financial markets trade in commodities, precious metals, currencies, and securities. These well-established systems remain the foundation of global trade. But more recently, a new kind of market has emerged — prediction markets, where the subject of trade is the outcome of events themselves.
What Are Prediction Markets?
A prediction market is a platform where participants trade contracts whose value depends on the outcome of a specific event. Essentially, these are collective forecasts.
Instead of betting on stock prices or commodities, traders buy and sell event-based contracts (smart contracts), which reflect the perceived probability of an outcome.
For example:
Participants profit when their prediction is correct. Smart contracts ensure that payouts are transparent, secure, and free from intermediaries.
How Do They Work?
The price of a contract directly reflects the market’s probability estimate of the event. If shares of Yes trade at $0.70, that suggests the market estimates a 70% chance of the outcome.
A Brief History of Prediction Markets
Platforms like Polymarket and Predicta - (https://predicta.tg) are the modern evolution of this idea, enhanced with blockchain technology and smart contracts.
Why Predicta?
Predicta - (https://predicta.tg) is a next-generation prediction market platform designed to make collective forecasting accessible and transparent.
Key advantages include:
Unlike traditional polls, which quickly lose relevance, Predicta captures the dynamic shifts in public sentiment in real time.
Try Predicta
🌐 Web version - (https://predicta.tg)
📱 Telegram Mini Apps - (https://t.me/Predicta_Market_Bot/app?startapp=s)
🐦 Twitter/X - (https://x.com/predicta_market)