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What Is a ‘Prediction Market’ and How Does It Use Oracles?

Prediction markets trade event outcomes; oracles provide the definitive, unchangeable outcome to trigger the final settlement payout.
Greeks.Live20.11.25

What Is a ‘Prediction Market’ and How Does It Use Oracles?

A prediction market is a decentralized platform where users trade tokens that represent the outcome of a future event (e.g. "Will BTC be over $100k by Jan 1?").

Oracles are essential to these markets because they provide the definitive, unchangeable truth about the event's outcome at the time of settlement. The oracle's data submission triggers the smart contract to distribute the pooled funds to the tokens representing the correct outcome.

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