Jan 18, 2022 - Sports and political betting are the most popular genres of prediction markets today. This project examines blockchain-based prediction markets. Global prediction market protocols allow anyone to create a community-owned-and-operated marketplace to bet on the outcomes of future events, such as whether countries will fulfill their climate change commitments on time. The next multibillion-dollar prediction market will be a smart contract protocol deployed as a public utility on the Ethereum blockchain, where user ownership will intensify network loyalty and engagement. Implementation challenges include voter apathy, stakeholder alignment, ongoi...