How does @OutcomeMarketX run predictions?

First off, prediction markets are here to change what traditional betting sites have been and bring a new way of doing things.

At the moment, traditional betting is broken and this is largely because centralized bookies take custody of your money, set unfair odds, and decide when or if you get paid.

OutcomeMarket on the other hand is building the opposite and that is: a fully on-chain, decentralized prediction market.

On Outcome, every prediction runs on smart contracts which handle everything from rules, funds, settlements and payouts.

When you place a prediction, you don’t send money to the house like we do with traditional betting. Funds on Outcome lock directly into the contract and that means you stay in control.

On the other side, Odds aren’t fixed by a bookmaker in the shadows or something, they move fluidly, powered by liquidity pools. Here the crowd sets the market while the community makes the price.

Liquidity providers are the hidden heroes in this case because they stake funds into markets to give depth and stability to odds and in return, they earn a share of every trade.

In this era of prediction markets, transparency is everything, you can see every bet, every pool and every payout on-chain. No hidden spreads and no rigged margins too.

However, right now Outcome is still on their testnet phase but mainnet is coming very soon.

Believe in Outcome.