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Currently, I understand that #PredictionMarkets are basically betting markets.
Although it may sound unappealing, this market segment is very large. Everyone should understand this.
How big is the market exactly?
For example: Olympics, World Cup, NBA, Super Bowl, F1 racing, Premier League, La Liga, and even popular games like League of Legends (LOL), Dota 2, and many more!
The scope of this business is incredibly vast, adding a grand and practical narrative to Web3.
Moreover, compared to traditional betting markets, Web3 prediction markets have many advantages.
1. Fairer and more transparent. Price indices are entirely determined by the market, with no manipulation by bookmakers.
2. Safer and more reliable. Many Web3 prediction markets are launched by well-known CEX or DEX platforms, making funds relatively safer.
3. Higher capital efficiency. Web3 prediction markets can open high-leverage contracts, making capital use more efficient.
Currently, in Web3 prediction markets, the well-known DEX ApeX @OfficialApeXdex has developed a quite mature platform, already launching predictions for football and NBA. With the upcoming 2026 World Cup, a major football event, the prediction market is expected to enter a historic growth phase.
@ApeXProtocolCN @KaitoAI #DEX