Predictions are the basis of all our decision-making. Be it trivial matters like taking an umbrella on a day it might rain. Or the potential course of crypto regulations based on who becomes the next U.S. President.
However, predictions require information. You typically get them from widely disparate sources like news, social media, or Google. It can be a pretty harrowing experience. Except, prediction markets can save the day.
They present a unified source of high-signal probabilities for current events. Moreover, you can monetize your beliefs or convictions.
There’s substantial demand for this value proposition. So much so, that the sector doubled its TVL in the past year, crossing $59 million in June 2024. But Web3’s existing prediction platforms only serve a portion of the total addressable market.
Polymarket, for example, doesn’t support user-generated events. You can only bet on or provide liquidity to listed markets. Creating custom pools isn’t possible. This excludes the world’s 200+ million creators and fails to tap into an economy that’s projected to cross $600 billion by 2036.
PredX bridges this gap using cutting-edge AI innovation and other emerging technologies like blockchain. Here you can create and promote events that appeal to you or your community. Web3 prediction markets thus get an additional incentive layer that’ll help obtain a critical mass in 2024.
Incentivizing creators, solving event supply
Platforms like Polymarket have gone a long way in solving some of the persistent pain points of legacy prediction markets. Settling trades on-chain enhances transparency, for example. You can verify whether the money flowing in and out of the market was according to pre-defined terms, etc.
However, they lack the provision for decentralized, community-oriented event creation. Instead, topics are selected and posted through a centralized governance system. Although these pools might be generating decent engagement due to the current hype and recency bias, they’re prone to limited supply and liquidity.
You’ll mostly find broad, global topics in Polymarket’s trending section — like the U.S. Presidential Election or French Open or Bitcoin’s price. Niche topics with targeted engagement are either missing completely or lying on the sidelines. Because it’s unfeasible (if not impossible) to create good markets, profitable niche markets without involving grassroots creators.
PredX, on the contrary, has a healthy mix of global and local topics. It thus supports both macro and micro prediction markets, which ensures a sustained supply despite fluctuations in global interests.
Unlike Polymarket, PredX doesn’t utilize blockchain tech to merely settle trades/transactions. It combines the Web3 stack with AI instead, giving creators access to novel intent-centric assets.
As a creator on PredX, you can generate events tailored to your community’s intent, needs, and goals. This fosters organic support and engagement. Rather than producing content merely from personal judgments, you can tap into the community’s real-time feedback and value signaling.
Going a step further, PredX gives you access to advanced ‘AI Agents’ that become your co-pilot. They help you discover events with high engagement potential based on your community’s interactions. Plus you can use them to create in-depth information bases for your events.
The information aspect is especially critical and also unique. Events on Polymarket, etc., have very limited information. So users who do their research before betting on a certain topic — and rightly so — still have to sift through all the noise on the web and other channels. Not on PredX.
Besides empowering creators to optimize event and information supply, PredX also aligns incentives via a solid, Web3-native tokenomics design. You get rewards for not only creating events but also for promoting them and inviting others to the platform. And there are time-based campaigns as well.
100 creators — First come, first serve
PredX’s ongoing campaign will offer a special reward to 100 creators on a first come, first serve basis. All you have to do is apply using the official form and start creating events on the platform.
Campaign participants will get a 50% commission on their event’s trading volume. Plus 5% of the market cap of the lost side. Rewards and commissions are paid in USDC, so you’re not locked into the underlying chain’s native coin.
While Polymarket and others brought the initial eyeballs to prediction markets, PredX is implementing the actual ‘Web3’ aspect. Going beyond empty speculation, it creates a space for intent-driven asset creation and trading.
Prediction markets will become more relevant to the average user thanks to PredX. Its incentive model and community-oriented framework will ensure the network effect the ecosystem needs to grow beyond its nascency.
When creators have good reason to use and contribute to new-age prediction markets, the platforms and the concept around which they’re built will reach their full potential.
You can reap the maximum benefits by joining this journey early. Creating your first event on PredX is the way to start.
By Nermeen Nabil 
USA Goldmines