As Crypto Derivatives Run Into Challenges, Prediction Markets Offer an Alternative
Decentralized prediction markets enable peer-to-peer trading on the outcome of certain events, with the market price indicating what the crowd thinks the probability of the event is at any point in time. Gnosis (GNO) is another project that has been in development since 2015, offering an open platform for creating prediction applications on the Ethereum protocol, giving the ability for anyone to create prediction markets in any realm.
PlotX is a decentralized prediction market protocol on the Ethereum blockchain, designed to bring real value to the defi space and provide traders with an alternative to derivative markets in gaining exposure to crypto-assets. Decentralized markets such as Augur and PlotX provide a means for traders to gain exposure to synthetic assets, derivatives, and predictions options in a permissionless environment.
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