📈What is a Prediction Market?

The prediction market is a kind of speculative market where market players predict the outcome of various external events.

🔷The peculiarity of the prediction market is its accuracy. Several studies have shown that the accuracy of the prediction market is higher than the accuracy of a regular opinion poll.

📌One of the types of prediction markets is a reputation-based market. Such markets don't involve betting real money but rather add to or subtract from a predictor's reputation points. There are also other markets, operating real money. Studies show that real-money prediction markets are much more accurate than reputation-based markets: players are willing to increase their profit, so they are thoroughly considering each step they do.

Recently, we observe the trend of decentralized prediction markets. The beauty of such markets is the lack of control on the part of some office or a person, instead, they are a kind of transparent community based on trust.

🔺Anything can be predicted: from the results of a football match to presidential elections. Prediction includes different types of data analysis and relies on some input data. It is not just gazing into a ball of predictions - it is meticulous, tense analytical work.

🎯Polars operates in a decentralized prediction market and introduces new mechanics and tools that have never been seen in this market before🎯
__

http://polars.io/