Understand how prediction markets work, how to read probabilities, and how to use collective intelligence to make better decisions.





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A clear, practical explanation of how prediction markets work — from probabilities and pricing to incentives, accuracy, and real-world limitations.
Learn how market prices translate into probabilities, why prices move over time, and how collective beliefs are reflected in prediction market odds.
Understand how incentives, liquidity, and trader behavior shape market outcomes — and why incentives matter more than individual forecasts.
Explore when prediction markets work well, where they fail, and what risks, biases, and regulatory constraints must be taken into account.
Prediction markets are a fast way to measure uncertainty. Prices move as information moves — translating news, incentives, and crowd judgment into probabilities.
This guide shows you how it works, what’s reliable, and what to watch out for.


Prediction markets are used worldwide to make better forecasts. They bring together many views and pieces of information into one simple signal: a probability.
As news changes, prices move — showing how expectations shift in real time across different regions and time zones.
How prediction markets are studied, regulated, and used today

U.S. regulators are drafting clearer standards for event contracts, affecting how prediction markets operate.
Beyond theory, this guide brings together expert perspectives, real-world experience, and ongoing developments shaping prediction markets today.
This guide includes perspectives drawn from interviews and public commentary by founders, operators, researchers, and analysts working directly with prediction markets.
Learn how prediction markets are applied in areas like economics, elections, technology forecasting, and policy analysis.
Prediction markets are evolving. This guide highlights current debates around regulation, information quality, incentives, and public trust — including where experts disagree.
Alongside clear explanations of prediction markets, you’ll find insights drawn from ongoing interviews, real-world market behaviour, and developments that are often missed in mainstream coverage.