Prediction Markets
Prediction Markets are protocols that enable betting on future events e.g. Polymarket, Azuro, and BetHash (HASH)
Prediction Markets are protocols that enable betting on future events.
Examples: Polymarket, Azuro, BetHash
1. Polymarket
Polymarket enables betting on topics like the coronavirus, politics, business events, current events, etc. It runs on Polygon.
Example: Will Elon Musk become CEO of Twitter by September 30?
This market will resolve to "Yes" if Elon Musk becomes the CEO of Twitter after the date of this market's inception, April 26, 2022 and by September 30, 2022, 11:59:59 PM ET. Otherwise, this market will resolve to "No".
Website: https://polymarket.com
Token Terminal: https://tokenterminal.com/terminal/projects/polymarket
DeFiLlama: https://defillama.com/protocol/polymarket
2. Azuro
Azuro is a decentralized betting protocol that enables the building of betting apps powered by its price feeds & liquidity markets. Bets can also be minted as NFTs. It runs on Gnosis.
Azuro Data Providers earn a commission for providing data on odds & results. Azuro Frontend Operators earn a share of the protocol profits for running betting frontends.
Website: https://azuro.org
DeFiLlama: https://defillama.com/protocol/azuro
3. BetHash
BetHash runs games like Dice, Blackjack. Lotto, and Banker Bull. Game results are drawn using the EOS blockchain hash values.
Let's take an example of how the winning numbers (00 to 99) are generated for Hash Dice.
Presume that you bet on "under 50" and your bet is stored in EOS block number 43116452. The winning number will come from the next block i.e. EOS block number 43116453.
Suppose the blockhash of EOS block number 43116453 is: 0291e7a49bd634fdb726c8b6f6a962b8959183aab4e929941f244b619f0505f6
Starting from the end of the hash, the 2 digits are 5 and 6. The winning number will be 56.
Website: https://bethash.io
DeFiLlama: https://defillama.com/protocol/bethash