What is a prediction market?
A way for people to collectively forecast the future.
A prediction market is a platform where people can place bets on the outcomes of future events. By buying and selling shares of possible outcomes, participants collectively predict the likelihood of events such as sports results, political elections, or entertainment awards.
Making Predictions
If you believe the actual probability of an event occurring is higher than the probability indicated by the market price, you can buy shares. For example, if you believe a team has a greater than 20% chance of winning, you would buy shares at $0.20. If that event occurs, each share is worth $1.00, thus generating a profit.
Free Market Trading
You can buy or sell shares at any time before the event concludes, based on new information or changing circumstances. This flexibility allows the market price to continuously reflect the latest, most accurate probability.
Trust the Market
Prediction markets provide impartial and accurate probabilities in real-time, free from human and media bias. Traditional sources often have their own motivations and inclinations, but prediction markets operate on the principle of "put your money where your mouth is." Here, participants are economically incentivized to provide truthful insights because their profit depends on the accuracy of their predictions.
In prediction markets, prices reflect the collective sentiment of all participants, weighing news, data, expert opinions, and culture to determine the true odds. Unlike media narratives which can be influenced by various biases, prediction markets offer a transparent view of what people genuinely believe is the direction we are heading.
Why use prediction markets?
Prediction markets are often more accurate than traditional polls and expert forecasts. The collective wisdom of diverse participants, each driven by the potential for profit, leads to highly reliable predictions. This makes prediction markets an excellent tool for gauging the real-time probability of future events.
All InX is the world's largest prediction market, offering a user-friendly platform to place bets on a wide variety of topics, from sports to politics. By participating, you can profit from your knowledge while contributing to the accuracy of the market's predictions.