What exactly is a prediction market and why is it growing?

[merrygomez]

If you’re new to this concept, here’s a simple explanation:

A prediction market is a platform where people predict future outcomes and earn rewards if they’re correct.

Examples:

• Crypto price movements
• Sports results
• Elections

Why is it growing?

• People trust group intelligence more
• It’s interactive not passive
• Users can actually earn

To Know More: https://www.alwin.io/optimize-oracle-latency-prevent-front-running-prediction-markets