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Prediction market news

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Also known as betting markets, binary markets, predictive markets, information markets, decision markets, idea futures, event derivatives, or virtual markets) are exchange-traded markets created for the purpose of trading the outcome of events. The market prices can indicate what the crowd thinks the probability of the event is. A prediction market contract trades between 0 and 100%. It is a binary option that will expire at the price of 0 or 100%. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome in hopes of earning high rewards if it ends in their favor.