Fore Predicts Brings Decentralized Validation To Prediction Markets

By Author: Ben Gross
Total Articles: 453
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FORE Protocol has introduced FORE Predict, a decentralized prediction platform set to launch on November 30 at 12 pm UTC. Unlike traditional prediction markets, FORE Predict is 'people-powered,' leveraging crowd wisdom for forecasting and validating events. The platform provides users with control over all aspects of a prediction market, including creation, determining odds, and validating results. This user-driven ecosystem is supported by a revenue-share model, fostering transparency and value generation. FORE Predict, built on the FORE Protocol web3 platform, allows global users to create markets and forecast outcomes across various events, from sports and politics to financial markets. The platform employs decentralized validation through user-created markets and independent validators, ensuring accuracy and transparency. FORE further solidifies its commitment to decentralization through partnerships with UMA Optimistic Oracle and PAAL AI. FORE Predict's unique fee redistribution model, taking only a 1.5% fee with 50% redistributed to users, aims to capture market share. The platform operates with the FORE token, trading at around 3.5x the ICO price. The launch is anticipated to attract thousands of users, marking a significant step in providing a reliable and impartial arbiter of truth amid widespread misinformation.

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