Two things: One, DeFi is huge, so extensive it can describe any financial activity executable in a decentralized manner. While decentralized exchanges, trading, insurance, and more dominate, other areas under this umbrella remain under-explored but, nonetheless, a gold mine. Second, in this “under-explored” category are the innovation in prediction markets. Believers assert that the idea Read More
To capitalize on the growing popularity of blockchain trends like decentralized finance (defi), Zeitgeist will be rolling out a new native prediction platform for Polkadot to expand the scope of opportunities available for retail crypto investors. New Network to Build on Substrate and Launch Exclusively on Kusama Long before Satoshi Nakamoto unveiled the Bitcoin whitepaper that led to a flood of blockchain innovation, prediction markets were available in the form of organized betting, often on political outcomes. For centuries these markets existed, helping corral crowd-based wisdom in the form of betting odds, which remain popular to this day. The blockchain…
A pump in daily volume creates an 8% swing on whether Trump will complete his first term. Following reports of United States President Donald Trump’s positive test result for COVID-19, prediction markets have (perhaps predictably) seen a flurry of activity. One of the more macabre predictions gaining attention is on the centralized PredictIt market run by the Victoria University of Wellington in New Zealand. Posing the question “Will Donald Trump complete his first term?,” the prediction was originally intended as a measure of the likelihood of the president getting impeached and leaving office. However, interest has grown following news of…
During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate was considered by many as one of the “worst debates” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political discourse. In addition to all the people watching the debate on television, a great…
With the first presidential debate now smoldering behind us, the betting markets have picked their winner: Joe Biden.
DeFi is short for "decentralized finance," an umbrella term for Ethereum and blockchain applications geared toward disrupting financial intermediaries.
"Ethereum is on the way to becoming a whale chain," said Gnosis co-founder Stefan George. That's why his team's tech is moving to xDai.
After the pundits so badly misjudged the 2016 U.S. presidential election, prediction markets should be booming ahead of Nov. 3. Why aren’t they?
Augur v2 has all the bells and whistles: Interplanetary File System (IPFS), 0x Mesh, MakerDAO’s dai and Uniswap’s v2 oracle network.