Just saw this new project called PredictSol. Looks interesting, they're claiming to tokenize any prediction into true and false tokens... what do you guys think?
Introducing PredictSol A New Take on Prediction Markets
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Yeah I checked it out too! The smart contract is deployed on Solana and you can verify it yourself. Sounds like a legit approach to prediction markets.
notyourkeysNewbie
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#3Feb 3, 2019, 08:36 PM
How exactly do you make money with it? I’m kind of confused about the whole TRUE and FALSE token thing.
notyourkeysNewbie
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#4Feb 3, 2019, 11:58 PM
There are a few ways to profit. Like if you buy both TRUE and FALSE for less than one sol, you can redeem them for one sol later. Pretty slick if you ask me!
notyourkeysNewbie
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#5Feb 4, 2019, 08:21 AM
But isn't that risky? What if nobody cares about your prediction and the tokens just tank? I prefer sticking to stuff with actual data backing.
notyourkeysNewbie
Posts: 61 · Reputation: 12
#6Feb 4, 2019, 10:51 AM
Arbitrage is always a risk. But if you can predict events well, you might just win big. Plus, providing liquidity seems like a solid option.
I just saw some predictions on their platform, like oil prices and USD value. What do you all think? Could be wild with the market swings coming up!