Prediction Markets have generated a lot of investment interest in 2016 and should still be a popular buzzword well into 2017 and beyond. Predictive Markets, otherwise known as Decision Markets, seek to collect and facilitate collective wisdom of the crowd to fairly accurately predict an outcome of a future event. Such analysis is invaluable to decision making and other investment layers that make use of such performance prediction indicators.
In order for a Predictive Market to trend towards accurate outcome consensus, there has to be a stake in the consensus pool whereby participants are incentivized by rewards to accurately propose winning outcomes. This is generally in the form of monetary rewards, with Digital Currency tokens being a popular “Pay to Play” transaction vehicle.
Steemsports.com entered the Prediction Games arena in September 2016 as a provably fair, sports, esports, entertainment and general prediction markets platform, aiming at unifying social communities primarily through the universal language of sports and ancillary genres to cater to all gaming interests.
Currently in a public beta web-app phase, Steemsports.com will continually evolve to offer the best in user gaming experience, content publishing and social interaction, making its platform the destination of choice for free market prediction speculators and fan battleground stand-offs.
Virtual Tokens such as bitcoin, Steem and Steem Dollars (SBD) are decentralised, which means they operate on a peer-to-peer style transactional network, not controlled or owned by any government, corporation or bank, furthermore Steem and SBD have the advantage of zero transactional fees, and 3-second confirmation times, making such tokens truly the transactional choice of the free market and some of the reasons why SteemSports has chosen the Steem blockchain as an incubator for its pilot project.
Steemsports.com furthermore sets itself apart as a future-proof, collaborative community project of enthusiastic, passionate and like-minded individuals, mentored by the experts in the blockchain and prediction market spheres.
The SteemSports team is set to showcase a revolutionary alternate use-case implementation of the Steem Blockchain to draw mass user participation and adoption of Digital Currency gaming through community oriented prediction market content, gaming and engagement with a focus on rich content and engaging social interaction.