Prediction Markets

List of top Prediction Markets coins by market cap. The current Prediction Markets coin market cap is $314.91M , which has changed by +1.34% in the past 24 hours; the Prediction Markets coin trading volume is $72.20K, which has changed by +0.10% in the past 24 hours. There are 10 cryptocurrencies in the Prediction Markets coin list today.
Prediction markets are decentralized platforms that enable users to trade contracts based on the outcomes of future events, ranging from political elections and sports results to cryptocurrency price movements and weather conditions. These markets leverage blockchain technology and smart contracts to create trustless, transparent environments where participants can speculate on event outcomes or hedge their exposure to uncertain futures. By aggregating the collective predictions of numerous traders, prediction markets often generate surprisingly accurate forecasts, as the financial incentives encourage participants to share their genuine beliefs. Popular examples in the Web3 space include platforms that allow users to create custom markets, trade prediction shares, and earn rewards based on correct predictions. The underlying mechanism typically involves users buying and selling shares that represent different possible outcomes, with prices fluctuating based on market sentiment and available information. Prediction markets serve multiple purposes including price discovery, information aggregation, and speculation, while also providing valuable data for researchers and analysts seeking to understand public sentiment on various topics. The decentralized nature of blockchain-based prediction markets eliminates the need for centralized intermediaries, reduces counterparty risk, and enables global participation without geographic restrictions or regulatory barriers that traditionally limit access to prediction markets.