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Prediction Market
A prediction market is a market where participants trade contracts linked to the outcome of a future event. Markets can cover elections, economic decisions, financial markets, crypto, business, technology, geopolitics and major world events. Prices change as participants buy and sell based on their expectations of what will happen.
Why it matters to you
Prediction markets turn different views about uncertain future events into market prices. Those prices can provide a continuously changing estimate of how likely traders collectively believe an outcome is. But the market price is not the truth. It is the market's current estimate.
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