merrygomez
New member
A typical prediction marketplace operates through these core steps:
1. Market Creation
Admins or users create a question based on a future event
(e.g., “Will ETH cross $5000 this year?”)
2. Trading Mechanism
Participants buy or sell YES/NO shares based on their predictions
3. Dynamic Pricing
Prices fluctuate based on demand, reflecting real-time sentiment
4. Oracle Integration
External data sources (oracles) verify the actual outcome
5. Automated Settlement
Smart contracts distribute rewards to correct predictions
To Know More: https://www.alwin.io/decentralized-prediction-marketplace-development