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🪙 Why Bitcoin-Settled Prediction Markets Might Be a Smart Bet
🪙 Why Bitcoin-Settled Prediction Markets Might Be a Smart Bet 📝 Кратко: Settling event contracts in Bitcoin isn’t just philosophical—it may deliver efficiency, alignment, and upside, argues a new paper...
🔮 The Secret Sauce of Prediction Markets
🔮 The Secret Sauce of Prediction Markets Think prediction markets are just about placing bets? Think again! The magic happens in the settlement layer – where outcomes get locked in on-chain and payouts roll out. Without this, it's all just wild speculation! 🎲 Here’s how it goes down: bet $100 on Team A. If they take the win, you cash in with your stake + winnings. If not, your cash flows into the winners’ pool. Settlement keeps things final, automatic, and fair! 🙌 ➡️ How it works: when an event wraps up, an oracle or reporter submits the result. A brief dispute window lets the community challenge it before we seal the deal and smart contracts dish out payouts...