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Blockchain-Based Decentralized Prediction Markets

By Soja s on 18th January 2024

Problem Statement

Centralized prediction markets may face issues related to trust, transparency, and manipulation. A decentralized solution using blockchain technology can address these concerns and provide a more reliable prediction market.

Abstract

This project aims to develop a blockchain-based decentralized prediction market platform. Utilizing smart contracts on the blockchain, the system will enable users to create and participate in prediction markets with transparent and tamper-proof outcomes, fostering trust in the prediction market ecosystem.

Outcome

A functional blockchain-based prediction market platform that ensures transparency, fairness, and security in the prediction market process.