The concept of an unlicensed prediction market is based on the idea that anyone, at any time, can create a prediction about any event. The liquidity is primarily provided by the users themselves, but the higher the liquidity provided, the more likely it is that more users will participate. As long as the prediction gains traction or the event itself becomes popular, it becomes easy to generate traffic and financial effects.

In fact, predictions themselves represent a form of "public opinion." The initial success of Polymarket was largely due to predictions about the U.S. presidential election. Although Americans could not participate at that time, many mainstream media outlets viewed it as a reflection of what the American public wanted to elect, as it involved real "money" supporting their viewpoints.

Of course, while anyone can participate in this unlicensed environment, the ability to attract participants and the number of participants involves significant skill. This can also stimulate the growth of related industries and sectors. Overall, I personally believe that unlicensed predictions combined with AI have the real potential to be implemented and could lead to the emergence of several unicorn platforms.

This article is sponsored by #Bitget ｜ @Bitget_zh

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