Information Market

An information market is a type of market that is used to trade information, often in the form of predictions or forecasts about future events or outcomes. In an information market, traders buy and sell contracts that represent the probability of a certain event occurring, such as the outcome of an election, the success of a new product launch, or the likelihood of a natural disaster.

Information markets are often used to aggregate the knowledge and insights of a large group of people, in order to make more accurate predictions about future events.

They can be used in a variety of contexts, including political forecasting, financial markets, and scientific research.

Information markets are a type of market that allows traders to buy and sell contracts representing the likelihood of certain future events. These markets rely on the knowledge and insights of a large group of people to make accurate predictions, and provide traders with a financial incentive to share their unique information and insights. Information markets can be a powerful tool for harnessing the wisdom of crowds and improving decision-making.

How it works

  1. Market creation: Users create markets based on specific questions or events, such as election outcomes, sports results, or financial indicators.

  2. Buying and selling shares: Participants buy and sell shares, which represent a particular outcome. The price of a share fluctuates based on supply and demand, reflecting the market’s belief in the likelihood of that outcome.

  3. Resolution: Once the event occurs and the outcome is known, the market are settled, and the winning shares are redeemed for a payout.

B2B in prediction market

Partners

Prediction market exchange

  • Assisted in the development of related products or services.

  • Can expand your customer network and increase sales and brands by integrating your products or services with the prediction market.

  • Can expand partner network and increase competitiveness by collaborating with partners with expertise and experience in different fields

B2C in prediction market

Participant

Prediction market exchange

  • Profit potential: Predictors can buy and sell contracts whose value changes based on the likelihood of an event happening. If their prediction is correct, they can make a profit from trading these contracts.

  • Increase transaction flow

  • Profit from service fees

  • Build a brand

How about event creators

  1. Generate income: When creating a new event on the prediction market, the event creator can collect a portion of the exchange's service fee through incentive programs and royalty fees whenever an event’s derivative is traded on the secondary marketplace. This can provide a source of income for individuals or organizations that create new events.

  2. Identify the market: Event creators can use the prediction market to evaluate ideas or future events. Creating a prediction market for an event can help event creators evaluate differing opinions and identify potential ideas.

  3. Building a Name: When an event creator creates interesting and accurate prediction market events, they can build a name and reputation in the prediction market community.

What are the fees?

2% of the total amount you want to redeem when the event ends. In this 2%, the exchange will use a part to maintain operations, the rest is used to pay for rewards when users join.

Why is there a difference between the Service fee and redemption fee in prediction?

Currently, our platform charges a service fee of 1.8% of total trading volume during the Buy process on the NFT marketplace, and a 2% of redemption fee in exchange for collateral according to the event’s TVL (a process known as redemption rewards).

The difference in fee levels depends on the degree of competition, the exclusivity of the product, market scale, and user demand. For Prediction markets, it is necessary to ensure the platform's operations and support services, including creating and managing events, monitoring user activity, and ensuring transparency and fairness in transactions.

Meanwhile, NFT marketplaces also have service fees, but they are usually lower than those of Prediction markets. This may be due to the exclusivity of the product and services, as well as higher competition in the industry. In addition, NFT marketplaces usually have a larger market scale and more diverse user demand, allowing them to provide services at a lower cost.

Movements of the information market over the years

Sports Betting Global Market Report 2023

The global sports betting market size grew from $96.84 billion in 2022 to $104.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.

The sports betting market size is expected to grow to $135.95 billion in 2027 at a CAGR of 6.7%.

Crypto Betting 2023

According to http://Nostrabet.com , the total crypto bets between Q1 2021 and Q1 2022 have increased by 116% and reached the jaw-dropping amount of 6.3B.

Esports Betting in 2023

Newzoo’s projections were that by the end of 2021, the global revenue generated by the esports industry would eclipse $1 billion and the expectations are that by the end of 2022, it could surpass, or come close to $2 billion.

With the number of esports fans also growing from 443 million in 2019, to an estimated 646 million by 2023 and year-on-year growth of about 10% looking sustainable for the next few years at least, those numbers seem to indicate a very strong likelihood of continued future growth for both esports and esports betting.

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