A decentralized prediction market is a system where users trade on outcomes without relying on a central authority.
How it works
Instead of a company controlling the platform:
- rules are encoded in smart contracts
- outcomes are resolved via predefined logic or oracles
- funds are non-custodial
- Key benefits
- no censorship
- no admin вмешательства
- transparent outcomes
Centralized vs decentralized
Centralized platforms can:
- pause markets
- change rules
- intervene in disputes
- Decentralized platforms remove this layer entirely.
Example: Hashmarket
Hashmarket is being developed as a fully decentralized prediction market where:
- no admin can cancel markets
- rules are fixed at creation
- outcomes cannot be altered manually
- outcomes cannot be altered manually
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