{"id":14926,"date":"2026-07-06T09:18:33","date_gmt":"2026-07-06T09:18:33","guid":{"rendered":"https:\/\/legalbison.com\/blog\/what-is-a-prediction-market\/"},"modified":"2026-07-13T09:54:45","modified_gmt":"2026-07-13T09:54:45","slug":"what-is-a-prediction-market","status":"publish","type":"post","link":"https:\/\/legalbison.com\/en-id\/blog\/what-is-a-prediction-market\/","title":{"rendered":"What Is a Prediction Market? Behind the Trend, How These Platforms Work and Make Profits"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Monthly prediction market volume reached USD 25.7 billion in March 2026 alone, up from roughly USD 1.2 billion in early 2025. Regulators are now scrutinizing the category, major brokerages are integrating it into retail apps, and courts are actively litigating who has the authority to license it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A prediction market is an exchange where users trade contracts tied to the outcome of a future event rather than a company&#8217;s shares or a currency pair.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mechanics are simple to describe. The regulatory treatment is not, and that gap is what turns the space into both a commercial opportunity and an open legal question for founders building in it.<\/span><\/p>\n<p>Related: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/prediction-market-license-types-regulatory-guide\/\">What Is the License Used by Prediction Market Platforms?<\/a><\/span><\/p>\n<p style=\"text-align: center;\"><button class=\"whitespace-nowrap btn btn--small btn--blue\" type=\"button\" data-fancybox=\"\" data-src=\"#contact-form\">Start the Next Prediction Market Platform<\/button><\/p>\n<h2><strong>The explosive growth of the \u201cbet on anything\u201d economy<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">A prediction market is, at its core, an exchange where users buy and sell binary contracts priced between USD 0.00 and USD 1.00, with the price reflecting the market&#8217;s collective estimate of how likely an event is to happen.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy a contract for \u201cYes\u201d at USD 0.30, and it resolves at USD 1.00 if the event occurs, or at USD 0.00 if it does not. The price itself is a real-time probability estimate, built from what traders are willing to pay for each side of the contract.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What began as a tool for forecasting elections has expanded into contracts on interest rate decisions, sports outcomes, award shows, and crypto price levels. The turning point for mainstream adoption came when Robinhood prediction markets brought <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/blog\/event-contracts-explained-mechanics-licensing\/\">event contracts<\/a><\/span> directly into the brokerage accounts of roughly 27 million funded users, through a series of partnerships rather than a standalone product launch.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That shift matters for founders evaluating where to build. Prediction markets used to run on standalone platforms with a narrow user base. Now they run inside some of the largest retail trading apps in the country, with transaction volume to match.<\/span><\/p>\n<h2><strong>How do these prediction market platforms work: mechanics and decentralization<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Prediction market platforms split into two structural camps: centralized exchanges and decentralized protocols, and the difference shapes everything from custody to licensing exposure.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Kalshi<\/b><span style=\"font-weight: 400;\"> is a centralized, regulated exchange where the platform itself holds funds and settles contracts;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Polymarket<\/b><span style=\"font-weight: 400;\"> runs on Polygon, a blockchain infrastructure where trades settle through smart contracts and no single custodian holds user funds.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">What is a decentralized prediction market in practice? It is a protocol where contract creation, trading, and resolution happen on-chain, often governed by oracles that report real-world outcomes back to the smart contract.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This removes a central operator from the custody chain but does not remove it from the regulatory conversation, since regulators increasingly look at who built and controls the protocol rather than who technically holds the funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Liquidity on many of these platforms comes from an Automated Market Maker (AMM) rather than a traditional order book matching buyers and sellers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most common design uses the Logarithmic Market Scoring Rule (LMSR), a formula that continuously prices contracts based on the volume already traded on each side. LMSR guarantees that a market never runs dry of liquidity, and it mathematically caps the market maker&#8217;s worst-case loss regardless of how lopsided the betting becomes.\u00a0<\/span><span style=\"font-weight: 400;\">That is one reason so many platforms use it instead of a manual order book.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Revenue models vary sharply across the category. PredictIt charges a steep 10% fee on profits plus a 5% withdrawal fee, a structure that has drawn criticism for eating into small accounts. <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/what-happened-with-polymarket-influencer-campaign\/\">Polymarket<\/a><\/span> instead charges a 0.10% taker fee on trades, a volume-based model closer to a traditional exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kalshi uses a variable, formula-based fee that adjusts with contract pricing and time to expiration.<\/span><\/p>\n<p>Also read: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/analyzing-bet-on-events-trend\/\">Behind the &#8220;Bet on Events&#8221; Trend and Business Licensing<\/a><\/span><\/p>\n<h2 class=\"text-text-100 mt-3 -mb-1 text-[1.125rem] font-bold\"><strong>Different types of prediction markets<\/strong><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\">&#8220;Prediction market&#8221; describes a category, not a single business model. Four distinct structures currently operate under that label, and each carries a different custody arrangement, a different licensing exposure, and a different answer to the question of who actually holds the money while a contract is live.<\/p>\n<h3 class=\"font-claude-response-body break-words whitespace-normal\"><strong>Centralized, exchange-based markets<\/strong><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Kalshi is the clearest example, and currently controls roughly 89% of the US prediction market. It operates as a federally regulated Designated Contract Market (DCM), settling entirely in fiat over US bank rails. Because it holds a DCM license, every trade is reported to the CFTC and published through its public API, which gives regulators (and competitors) full visibility into trading activity.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">This model relies on four separate roles working together: the exchange itself (which defines contract terms and runs the order book), a broker or Futures Commission Merchant like Robinhood (which handles KYC, AML, and customer-facing execution but is never the counterparty), institutional market makers who quote both sides of a contract, and the CFTC\/NFA as regulator of record.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Customer funds sit in a segregated account at the broker level and are never commingled with corporate cash, a structural safeguard that mirrors traditional derivatives exchanges.<\/p>\n<h3 class=\"font-claude-response-body break-words whitespace-normal\"><strong>Hybrid, on-chain markets<\/strong><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Polymarket splits into two distinct entities: Polymarket US, a fiat-based, CFTC-regulated DCM\/derivatives clearing organization, and Polymarket international, a crypto-native product settling on Polygon.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">On the international side, deposits convert into a stablecoin wrapper and lock inside a non-custodial smart contract rather than a corporate account. When a trade matches, the protocol mints a pair of ERC-1155 outcome tokens representing the &#8220;Yes&#8221; and &#8220;No&#8221; side, funded 1:1 by the combined stake, so payouts are collateralized on-chain from the moment a trade executes.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Resolution runs through UMA&#8217;s Optimistic Oracle rather than an internal review team: a proposer posts the outcome with a bond attached, a challenge window opens, and disputes escalate to a token-holder vote if the initial proposal is contested.<\/p>\n<h3 class=\"font-claude-response-body break-words whitespace-normal\"><strong>Gambling-license-framed markets<\/strong><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\">A separate group of operators, largely offshore, sidestep the derivatives classification question entirely by licensing the product as a wager. Under a standard gaming license, the underlying event, whether a football match, an election, or a corporate merger, is treated as a bet rather than a financial contract.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">This avoids the CFTC\/MiFID II classification fight but comes at the cost of geographic reach, since gambling licenses carry their own jurisdictional restrictions that a derivatives license would not.<\/p>\n<h3 class=\"font-claude-response-body break-words whitespace-normal\"><strong>Play-money and social markets<\/strong><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Manifold Markets doesn&#8217;t touch real-money settlement at all. Users trade in &#8220;Mana,&#8221; a virtual currency that can be purchased or earned but never cashed out, sold, or transferred for anything of value.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Because no real money changes hands on the outcome side, Manifold avoids financial and gaming licensing entirely. A separate, jurisdiction-restricted prize drawing lets some users convert activity into USDC, but that mechanism is walled off from the core trading product.<\/p>\n<h3 class=\"font-claude-response-body break-words whitespace-normal\"><strong>Automated, oracle-settled markets<\/strong><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\">Myriad targets short-duration events, like crypto price levels and live sports, where speed matters more than deliberation. Rather than relying on a human proposer and a dispute window, Myriad settles through Chainlink oracles that pull data from multiple independent sources, aggregate it, and feed the result directly into the smart contract.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\">There&#8217;s no manual review step: the moment the final whistle blows or a price threshold hits, the contract executes automatically.<\/p>\n<h2><strong>Do people actually make money in prediction markets?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Retail traders are losing more money in prediction markets than they lose at a traditional sportsbook. The most recent published estimates put the median retail return on prediction markets at around -8%, against roughly -5% for sports betting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The reason comes down to who else is in the market. <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/how-to-start-a-sportsbook-platform\/\">Traditional sportsbooks<\/a><\/span> set odds designed to balance action and protect the house, and they actively limit or ban bettors who consistently win. Prediction market platforms generally do not. Professional traders and algorithmic bots trade alongside retail users with no such restriction, and because these platforms are structured more like open exchanges than bookmaker-controlled products, sharp \u201csmart money\u201d can trade directly against less sophisticated participants without the platform stepping in.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volume growth answers the demand question for founders evaluating this space. What remains open is platform design, matching engine rules, and disclosure practices, and regulators in multiple jurisdictions are already asking pointed questions on exactly that front.<\/span><\/p>\n<p>Related: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/meta-arena-prediction-market-licensing\/\">How Would Meta&#8217;s Prediction Market App &#8220;Arena&#8221; Licensing Look Like?<\/a><\/span><\/p>\n<p style=\"text-align: center;\"><button class=\"whitespace-nowrap btn btn--small btn--blue\" type=\"button\" data-fancybox=\"\" data-src=\"#contact-form\">Consult Your iGaming Business Structure<\/button><\/p>\n<h2><strong>Why are prediction markets facing controversies?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/best-prediction-market-apps\/\">Prediction markets in the United States<\/a><\/span> sit in the middle of a jurisdictional fight between federal commodities regulators and state gaming boards, and neither side has backed down.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Commodity Futures Trading Commission (CFTC) claims exclusive jurisdiction over event contracts as a form of commodity derivative, <\/span><span style=\"font-weight: 400;\">regulated under <a href=\"https:\/\/www.cftc.gov\/IndustryOversight\/TradingOrganizations\/DCMs\/index.htm\">the same framework<\/a><\/span><span style=\"font-weight: 400;\"> that governs traditional futures exchanges. State gaming regulators disagree, arguing that a contract on a football game or an election outcome is functionally a wager and belongs under state gambling law.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That disagreement has moved from position papers into courtrooms. The CFTC sued New York over its attempt to restrict prediction market operators and has filed amicus briefs defending Kalshi in Massachusetts litigation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nevada courts have gone the other direction, issuing Temporary Restraining Orders against both Kalshi and Polymarket for operating what state regulators classified as unlicensed sports pools. If anything, the two positions are hardening.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A separate and arguably higher-stakes dispute comes from inside the industry itself. CME Group, the operator of the world&#8217;s largest futures exchange, has sued the CFTC over its approval of \u201cperpetual futures\u201d structures used by some prediction market platforms.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CME&#8217;s argument is that these instruments are functionally swaps under the Dodd-Frank Act and should face the stricter compliance regime that swaps require, not the lighter framework applied to standard futures contracts. If CME prevails, the compliance bar for a meaningful slice of the prediction market industry could rise substantially.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For platform founders, this litigation cluster determines whether a US-facing prediction market needs a CFTC-registered Designated Contract Market status, a state gaming license, or both, and that answer is shifting as the cases proceed.<\/span><\/p>\n<h2><strong>EU realities, MiCA, and gambling frameworks<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Nine European regulators formed a coalition during the 2026 World Cup to crack down on unlicensed prediction market activity. Individual regulators are already enforcing ahead of any single EU-wide framework, using the spike in speculative interest around match outcomes to draw a hard line around platforms operating without proper authorization.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Structuring a prediction market for European users requires what amounts to a \u201cPrediction Test\u201d: does the contract fall under MiFID II as a prohibited binary option, does it qualify as a crypto-asset under MiCA, or does it trigger national gambling law instead? Each answer points to a different licensing pathway and a different regulator. Get the classification wrong, and a platform can find itself unlicensed under all three frameworks at once rather than compliant under one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regulatory fragmentation becomes a strategic decision here. A platform built for the EU market needs its legal structure determined before the product ships, not retrofitted after a regulator asks questions.<\/span><\/p>\n<h2><strong>Launching your prediction market platform: how LegalBison can help<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">For a properly structured prediction market business, a fragmented regulatory landscape works like a moat rather than a wall. Every jurisdiction that raises its compliance bar also raises the barrier for competitors without the legal groundwork already in place, which rewards founders who treat structuring as a first-mover advantage instead of a delay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">LegalBison works with crypto and FinTech founders building exactly these platforms, combining lawyers, compliance experts, and licensing specialists who translate a business model into an operationally sound regulatory position.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a prediction market operator, that typically means securing the appropriate <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/gambling-license\/\"><span style=\"font-weight: 400;\">prediction market and gambling licensing<\/span><\/a><\/span><span style=\"font-weight: 400;\"> where the business model is classified as a wager, evaluating crypto licensing where contracts are structured as digital assets, and confirming where fintech-adjacent compliance obligations apply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For platforms built on decentralized infrastructure, LegalBison structures the corporate and operational architecture around custodial and non-custodial models, mapping how <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/on-off-ramping\/\"><span style=\"font-weight: 400;\">on\/off-ramp<\/span><\/a><\/span><span style=\"font-weight: 400;\"> providers, <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/crypto-casino\/\"><span style=\"font-weight: 400;\">crypto casino<\/span><\/a><\/span><span style=\"font-weight: 400;\"> mechanics, and <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/gamefi\/\"><span style=\"font-weight: 400;\">GameFi<\/span><\/a><\/span><span style=\"font-weight: 400;\"> structures fit within a single compliant framework.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The regulatory questions in this article (CFTC jurisdiction, MiCA classification, state gaming law) resolve differently in each jurisdiction, and a founder needs those answers mapped before launch, not after a regulator sends the first letter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Planning to build a decentralized prediction market? Ensure your project doesn&#8217;t run afoul of the CFTC or MiCA. Contact LegalBison to explore your crypto licensing options.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The \u201cbet on anything\u201d economy is booming, but the regulatory scrutiny is fierce. Partner with LegalBison for expert global company formation, regulatory compliance, and fintech licensing.<\/span><\/p>\n<p style=\"text-align: center;\"><button class=\"whitespace-nowrap btn btn--small btn--blue\" type=\"button\" data-fancybox=\"\" data-src=\"#contact-form\">Speak to LegalBison iGaming Experts<\/button><\/p>\n<h2><strong>FAQ<\/strong><\/h2>\n<h3><span style=\"font-weight: 400;\">How do prediction markets get paid?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Fee models vary by platform. PredictIt takes a 10% cut of trading profits plus a 5% withdrawal fee. Polymarket charges a flat 0.10% taker fee on trades. Kalshi applies a variable, formula-based fee tied to contract pricing and time to expiration. The common thread is that every platform earns from trading activity rather than from losing bets, which distinguishes the fee structure from a traditional sportsbook&#8217;s built-in house edge.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Why are prediction markets illegal?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">They are not illegal everywhere, but their legal status is genuinely unsettled in several jurisdictions. In the US, the CFTC argues that event contracts fall under federal commodities law, while state gaming regulators argue that the same contracts are wagers subject to state gambling licensing. Nevada has issued Temporary Restraining Orders against major platforms on exactly this basis, while the CFTC has simultaneously defended operators like Kalshi in court. The result is a patchwork where a platform can be compliant in one state and unlicensed in another.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Do people actually make money on prediction markets?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Most retail participants do not. As covered above, the median retail return sits at around -8%, worse than the roughly -5% median at traditional sportsbooks. The gap exists because prediction market platforms typically allow professional traders and algorithmic bots to trade without restriction, unlike sportsbooks that limit consistently winning bettors.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What is the difference between a prediction market and a sportsbook?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A sportsbook sets its own <a href=\"https:\/\/legalbison.com\/wiki\/odds\/\">odds<\/a> and takes the other side of a bet, limiting or banning bettors who win too consistently. A prediction market is closer to an open exchange: it matches traders against each other rather than against the house, with prices set by supply and demand instead of an oddsmaker. For a deeper comparison, see our <\/span><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/legalbison.com\/en-id\/blog\/prediction-markets-vs-sports-betting-differences\/\"><span style=\"font-weight: 400;\">breakdown of prediction markets versus sports betting<\/span><\/a><\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Are decentralized prediction markets legal in Europe?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It depends on how the specific contract is classified. A decentralized prediction market operating in the EU needs to determine whether its contracts fall under MiFID II as a binary option (generally prohibited for retail users), under MiCA as a crypto-asset, or under national gambling law. Nine European regulators coordinated enforcement against unlicensed platforms during the 2026 World Cup, which shows this is being actively policed now, not treated as a future problem.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How does the Commodity Futures Trading Commission (CFTC) regulate event contracts?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The CFTC treats event contracts as a form of commodity derivative and asserts jurisdiction over their listing and trading, similar to how it <\/span><a href=\"https:\/\/www.cftc.gov\/IndustryOversight\/TradingOrganizations\/DCMs\/index.htm\"><span style=\"font-weight: 400;\">oversees designated contract markets<\/span><\/a><span style=\"font-weight: 400;\"> for traditional futures. This federal framework is currently being tested in litigation, including the CFTC&#8217;s suit against New York and CME Group&#8217;s separate suit challenging the CFTC&#8217;s approval of perpetual futures structures used by some prediction market operators.<\/span><\/p>\n<hr \/>\n<p><i><span style=\"font-weight: 400;\">Source reference: <\/span><\/i><a href=\"https:\/\/faculty.wharton.upenn.edu\/wp-content\/uploads\/2016\/11\/Crowd-Prediction-Systems.pdf\"><i><span style=\"font-weight: 400;\">Wharton Business School, &#8220;Crowd Prediction Systems&#8221;<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">; U.S. Commodity Futures Trading Commission.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mechanics of prediction market are quite simple to describe. Meanwhile, the regulatory treatment is not, and that gap is what turns the space into both a commercial opportunity and an open legal question for founders building in it.<\/p>\n","protected":false},"author":1,"featured_media":15055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[93],"tags":[179,177,224,153,227],"class_list":["post-14926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-fintech-en-id","tag-gambling-en-id","tag-gaming-en-id","tag-guide","tag-prediction-market-en-id"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is a Prediction Market? 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