Prediction markets are platforms where users can bet on the outcomes of future events, ranging from elections to sports. Each share in these markets is valued between $0.00 and $1.00, reflecting the probability of an event occurring. If a prediction is correct, the share resolves to $1.00. Myriad, an on-chain prediction market launched by DASTAN, enhances traditional prediction markets by integrating liquidity from various sources via an automated market maker model, allowing for greater accessibility. Users can trade shares without locking them in until the event's resolution, capturing real-time price changes based on market demand. Myriad aims to innovate the media ecosystem by incorporating prediction markets into news, thereby enabling readers to engage in the news cycle and earn rewards. This model is highlighted as a move toward decentralization, promoting privacy and reduced fees compared to centralized counterparts. However, regulatory challenges persist as these markets face scrutiny regarding compliance with existing laws.

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