# Betting & Prediction Markets

Global online betting market is valued at **$95 billion in 2023**, with continued expansion. Crypto-native platforms like **Polymarket, Augur**, and **PredictIt** focus on event outcomes.

**Key Traits:**

* Users bet on events or price movements (e.g., will BTC cross $70k).
* High-frequency, speculative participation.
* Usually binary outcomes (win/lose).

**Limitations:**

* Legal ambiguity in many countries.
* Risk of loss with poor odds.
* Limited to short-term or news-driven outcomes.
* Doesn't reward diversified thinking or long-term skill.


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