You can create markets for basic questions like “Will the Yankees win the World Series?”, to the more outlandish ones like “Will Donald Trump be bald next year?”

I like to call prediction markets a "bitcoin within bitcoin". A fascinating use case that takes a little while to wrap your head around. But once you get it, a lightbulb clicks.

We brought on Ryan Berckmans who recently sold Predictions.Global to Veil an Augur startup.

Ryan is currently working with the Forecast Foundation, a group that guides Augur, the premier decentralized prediction market platform.

Prediction markets are decentralized betting networks where anyone can create a market for a future event that they’re interested in wagering on.

Ryan has a diverse background, and we got a glimpse into his background as well as a primer on the decentralized prediction market and what the future implications are.

While the main use case is sports betting, we anticipate more use cases to emerge in the near future.

Here is part one.

Mentioned in the episode:

Predictions.Global

Veil

Augur