🎲Why it isn't gambling?
Information markets on the world acts different against betting. While in betting, people bet on their predictions like event on sports etc. On Information markets people will get shares of outcome. These shares can be called like commodities. And they can eventually trade these shares as an ordinary ERC20 token. So they can change their position on prediction whenever they want. Which makes this protocol closer to options trading instead of gambling.
Imagine that you created a put option against Bitcoin price on provider platforms. After the maturity date of your option contract, if Bitcoin price is lower than your prediction, you'll earn depends on how lowered the value, while your contract is worthless if Bitcoin price is higher than your forecast. Which is same system on Expectium Protocol.
Last updated