Part 8/10:
While predictions markets have immense potential, they face regulatory challenges that may limit their scope and presence, particularly in the United States. Various platforms, including Ethereum-based markets like Augur, Polymarket, and Predictit, have emerged, allowing users to participate in betting on political events and more.
In addition to betting, platforms like Metaculus allow users to forecast events without monetary transactions, promoting accurate reporting of probabilities based on points instead of cash incentives. Such non-monetary platforms hold promise for a wider audience, fostering community forecasting without the hurdles of traditional regulation.