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That's unfortunate to hear, I haven't followed these projects in a while. Looks like their competitor PolyMarket is now the most popular prediction market: http
by glerk 4y ago
That's unfortunate to hear, I haven't followed these projects in a while. Looks like their competitor PolyMarket is now the most popular prediction market: https://polymarket.com/ https://polymarket.com/
- pirate787 4y agoPolymarket looks interesting but crypto/blockchain isn't necessary for prediction markets-- with Polymarket you still need a trusted entity to record whether the event happened. There are much more legitimate non-crypto prediction markets -- this new one is actually federally regulated in the US https://kalshi.com/ https://kalshi.com/
- glerk 4y agoSome of these prediction contracts can be resolved using a decentralized oracle (I know this is the model Omen was trying to implement). But even if there is a trusted entity involved, a smart contract I can interact with directly using blockchain transactions is better than having to provide my picture, passport and SSN to some company that builds a database of all my trades. This problem is even worse if I move to a jurisdiction where you need to be accredited to play, or where prediction markets are illegal. For many of these financial applications, crypto/blockchain isn't strictly necessary, but it can be very useful.