What are bitcoin prediction markets?

joker

Member
I've heard about bitcoin prediction markets for betting but I'm not really sure what they are. How does something like Auger or Hivemind differ from Nitrogen sports?
 

neet

Member
I've been scratching my head about this for a while. I see very little difference between what someone like Auger does and what CloudBet or Nitrogen Sports. You are basically taking a position on the outcome of a certain event. With prediction markets you are predicting that the Denver Broncos will win the Super Bowl or Donald Trump will win the US Election. Someone else takes the opposite position on each prediction, which is pretty similar to what happens at online bookmakers.
 
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