skininthegame

“Create your own market” could be a killer growth catalyst for prediction markets.

A new business model is unlocked for creators when anyone can create a market on anything and generate a fee.

Thoughts?

Interesting idea 💡 Creation of prediction markets by individuals would ensure a wider variety of topics, tapping into niche or specialized areas that may not be covered by centrally-created markets. This diversity can attract a broader user base.

Host of the channel /fashionweb3
Passionate for Web3, fashion, digital art, food, sports, Animes and much more

However, there are also challenges to be addressed first. Quality control, market liquidity, and the potential for manipulation need to be managed to ensure the integrity and usefulness of these markets.

Secondly, it would leverage the distribution of knowledge and interests of a diverse user base, potentially leading to more accurate predictions and a richer information environment.