Understanding the Role of Prediction Markets in DeFi
Prediction markets are pivotal in the decentralized finance (DeFi) ecosystem, enabling participants to speculate on the outcomes of real-world events. They empower users to trade contracts representing their predictions, allowing them to potentially profit from accurate forecasts or hedge against financial risks. By understanding the workings of prediction markets in DeFi, individuals gain insights into a powerful tool that shapes the future of decentralized finance.
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