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"The thing that I don't understand about a decentralized prediction market is where do the results come from? Somebody has to say, "this bet won", right?" I'm
by atiffany 12y ago
"The thing that I don't understand about a decentralized prediction market is where do the results come from? Somebody has to say, "this bet won", right?"
I'm wondering about this too. In many instances this would still necessitate a form of "trust" in a third party information provider. For example, if you're betting on the Mayweather fight, then you might be relying on an API providing fight outcomes from ESPN.
- Anderkent 12y agoHow about you guys read the docs? The decision is made by distributed consensus. Each decision maker is incentivised to vote with the consensus, so they will vote truthfully if the answer is easy to check, or vote 'void' if it isn't. Each market creator loses money if the result is void, so it's in their interest to make bets that are easily validated.
- deleted 12y ago[deleted]