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What is Prediction Market?

Crypto Terms Glossary: What is Prediction Market?

Prediction markets — sometimes called predictive markets, ideas futures, event derivatives, virtual markets, or information markets — are exchange-traded markets created solely to bet on the outcome of specific real-world events coming to fruition. Prediction market prices generally trade between 0 and 100%. Basically, a prediction market is a way for speculators to bet on the resolution they expect for a specific data set, event, or desired outcome in the real world. Prediction markets can also facilitate betting on the outcome of future events through derivatives trading utilizing extremely high leverage, and other complex financial instruments.

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