Top 5 Cryptocurrency Prediction Markets

 Prediction markets are quickly becoming one of the hottest  commodities in the world of bitcoin and cryptocurrency. Giving everyone  in the world the option to wager on any type of event is an intriguing  concept. Moreover, it goes to show harnessing the wisdom of the crowd  can potentially lead to more precise results. Below are some of the top  cryptocurrency prediction markets to keep an eye on. 

 5. BitBet

 It is possible a lot of people have never come across the Bitbet  platform before. Anyone looking into prediction markets will be somewhat  familiar with the platform, as they offer anonymous betting and  trading. Users can add their own events, ranging from politics to  sports. All funds are stored in a cold wallet for added security.  However, the platform looks a bit unprofessional, which may turn off  some people. 

 4. BetMoose

 When it comes to finding a convenient prediction market platform,  BetMoose checks all of the right boxes. They even offer two-factor  authentication, which is a positive development. Creating events takes a  few seconds, and users can even earn a portion of revenue for creating  an event. Mobile users may have a bit of a hard time navigating the  site, though, although the developers are working on improvements. 

 3. Fairlay

It has to be said, Fairlay is perhaps one of the most comprehensive  platforms when it comes to trading events. Signing up for an account and  creating new events takes mere seconds, which is a positive sign.  Fairlay is also accessible by UK residents, although the site layout is a  bit basic, it looks better compared to BitBet. It is also worth noting  Fairlay operates on a zero-fee structure. 

 2. HiveMind

 Hivemind is one of the few open source peer-to-peer oracle protocols in  the prediction market industry. The platform also allows for anonymous  payments, which is quite appealing to specific users. For now, Hivemind  is accessible on Windows and Linux, although mobile support is on the  horizon. The only downside is how everyone who wants to partake in this  prediction market needs to install and run the software client. Then  again, not having a centralized front-end is a big bonus.

 1. Augur

 Hardly anyone will dispute the fact Augur is the market leader when it comes to cryptocurrency-based prediction  markets. The million in funding raised during their token sale has  certainly been put to good use. Augur uses the Ethereum blockchain,  making them one of the very few prediction market platforms to do so. Moreover, Augur ensures all of the funds are stored in smart  contracts, which self-execute. Not having to trust a third party with  funds is incredibly valuable. Augur is also open source, and features  many different trading events. For the time being, Augur remains in  beta, and it appears their mobile app may need a bit of tweaking moving  forward. Other than that, Augur is by far the go-to platform for  cryptocurrency-based prediction markets. 

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