Bayes Market is not built on an empty promise, but based on the foundations of conceptuality and practically proven prediction market principles.
A prediction market is a platform where users trade on the probability of a future event's outcome. It works like a financial exchange, but instead of trading stocks or commodities, you trade "shares" in the outcome of an event. The price of a share reflects the market's collective belief, or probability, of that event occurring.
For example, in a market titled "Will a human land on Mars by 2030?", there would be two tradable outcomes: YES and NO.
If
YESshares are trading at 25¢, the market believes there is a 25% chance of a human landing on Mars by 2030.If
NOshares are trading at 75¢, the market believes there is a 75% chance.
The fundamental principle is that the prices of all outcome shares in a market always sum to $1.00.