Today I listened to a podcast that spoke about the prediction markets (the podcast was in the "Everything EOS", I was trying to learn about that chain, but they also spoke about this other topic).

So, the argument was that prediction markets were able to align the need of the people that were informed and prepared with the interests of the average Mike out there. So this is how:

- It has been proven that recurring to predictions in groups is quite successful when trying to predict results or events. For example, the winner of a race, the next president, etc...
- In prediction markets you have to "put your money where your mouth is". So you don´t simply say that "The L.A. Lakers will win", you also put a collateral, a bet basically on it.

That means that only people who have some idea of what is going on will "stake" and they will for sure try to get it right.

The only "coin" I know that deals with this is Augur, and I am interested in knowing about others.