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.