Prediction markets are exchange markets where traders can trade the outcome of real life events in various subjects such as news, politics, finance and economy.
A Few examples for Prediction Markets in the United States are : PredictIt, Intrade, Polymarket, Prediki and Iowa Electronic Markets. PredictIt is the largest Prediction Market in the United States in terms of Trade volume. the GOP 2024 Presidential election market has over 4.7M Shares traded in the past 30 days.
Prediction markets are also can be name Betting Markets or political betting markets. A prediction market can be a contract traded between 0% to 100%. Early forms of prediction markets often existed in the form of political betting. Prediction Markets are based on a collection of speculation by the masses. the sole purpose is to predict real future events.