|Coin Proof||Proof of Stake|
A prediction market is a place where individuals can wager on the outcomes of future events. Those who forecast the outcome correctly win money, and if they forecast incorrectly, they lose money.
People value money, so they are incentivized to forecast such outcomes as accurately as they can. Thus, the price of a prediction market can serve as an excellent indicator of how likely an event is to occur. Augur is a decentralized platform for prediction markets. - source