What are Prediction Markets?
Prediction markets, long valued for their ability to aggregate information into accurate forecasts, have evolved from informal betting and academic experiments into powerful decentralised platforms, capturing the interest of the cypherpunk movement in the 1990s as tools for truth-seeking and resistance to centralised authority. While governments and agencies like the CIA resisted them, cryptocurrencies have revived their potential by enabling censorship-resistant, global markets through smart contracts.