What is a prediction market?

A prediction market or betting market is an exchange-traded market where individuals can bet on the outcome of a variety of events with an unknown future. There are four types of prediction markets: Continuous Double Auction, Automated Market Makers & Market Scoring Rules, Real Money vs. Play Money, Other Crowdsourced Forecasting Methods.

What is a'prediction market'?

What is a 'Prediction Market'. The prediction market is a collection of people speculating on a variety of events — exchange averages, election results, commodity prices, quarterly sales results or even such things as gross movie receipts.

Is gnosis worth investing in 2020?

However, Gnosis sees huge dropped in price, where it almost dropped below $10 USD, as of writing it already crossed its previous year 2020’s best price. In march 2020, it dropped to $9.26 USD and since then it started following bullish trend and there is growth in trading volume too.

Why did Goerge create the bitcoin prediction market?

As Goerge was also responsible of founding bitcoin prediction portal i.e. Fairlay. Basically, they wanted create Prediction market without involvement of any third party that available for everyone.