Exploring Blockchain-Powered Prediction Markets with Champaign Blockchain
Details
We are migrating to a new calendar! Please RSVP at the following link if you are interested in attending our upcoming Blockchain Meetup:
Platforms such as Polymarket, Kalshi, and other prediction markets allow users to take positions on the outcomes of sports, politics, and real-world events. We will explore how these markets are organized, how participants make predictions by buying and selling outcome contracts, and how market prices reflect expectations about what might happen. We will compare blockchain-based platforms with centralized exchanges and discuss the different roles of smart contracts, platform operators, and market rules.
A central question is how a blockchain learns what happened in the outside world. Who determines whether a prediction was correct? Which information sources count, and what happens when an outcome is ambiguous or disputed? We will discuss how oracles bring outside information onto a blockchain, how outcomes are verified, and how markets settle and distribute payouts.
Through examples and open discussion, we will examine what prediction markets can tell us about collective knowledge, incentives, trust, and blockchain governance. No prior experience with prediction markets is required.
We will meet in the Enterprise Works building of the Research Park where there is open parking for guests and a CUMTD bus stop. Please RSVP so we know how many to expect, as lunch will be provided!