Steemit Crypto Academy, Season 3: Week 8 || Predictive Markets with blockchain technology, by @small-ville

5 questions that can be used in the Predictive Market. And explain what 2 of them consist of. Be creative and explain in detail.

• What will be the price of Bitcoin by December 1^st

• Will Barcelona Declare Bankruptcy by November 1^st

• Will Manchester United FC remain top of the Premier League table by September 1^st

• Will the Song 'Essence' by Wizkid and Tems climb over the number 20 spot on the Billboard come October 1^st

• Will Lionel Messi win the UEFA best player award.

• Will Manchester United FC remain top of the Premier League table by September 1^st

The Premier season has just started and there has been much anticipation among different premier league clubs because of the prestigious signings they have made. Manchester United could not be left out of the bunch after acquiring the England skipper in the person of Jadon Sancho and also the French Defender in the person of Raphel Varane. The acquisition of these valuable world-class players has surely boosted Manchester United hopes of Winning a Trophy this season after coming second in the league and also losing in the final of the Europa League.
For a club to win the Premier League they are expected to stay top of the League for at least 2 months, this will make people see them as a title contender. Manchester United are currently topping the League with goal difference, but can the fire-power of the summer signings help boost them to at least stay top of the league till September 1^st.
The Market is to place Bets on 'YES' if they would stay top of the league come September 1^st or 'NO' if they would drop from the 1^stposition.

• Will the Song 'Essence' by Wizkid and Tems climb over the number 20 spot on the Billboard

The song Essence by Wizkid and Tems has been making waves all around the world with celebrities seen dancing and singing to the song. In July the song Essence broke the record for being the first Nigerian music to enter the Billboard top 100. This was seen as a great feat for the Nigerian Music industry, this prompted a remix of the song by Wizkid, he then moved to enter a collaboration with one of the most popular and successful artists of the Century in the person of Justin Biber. The song Essense debuted at number 84 on the billboard but currently sits at the number 54, but with the recent release of the Essence remix, much anticipation is growing for a much bigger increase of the song on the Billboard charts.
The market is to place bets on 'YES' if the song would pass the Billboard number 20 ranking or 'NO' if it will stay below it comes October 1^st

Explore Polymarket. Show screen capture

To explore the Polymarket site, you have to go to the home page using the Polymarket.com.

When you enter you have to sign up using your email, which you would verify from your email account. When you have signed up, then sign using your email. This would require you to register with a user name.

After successful registration, you would be given access to the different Markets, but before you would be able to place any bets you would be required to market a USD deposit.

The Markets are divided into categories that contain their unique markets. Clicking on any of the markets would take you to the markets page where you will see a detailed explanation about the market on which you are about to place a bet.

You would also see a chart of the progress of the market.
There is also a portfolio section where you can monitor all the bets which you have placed, this helps the user to have organised feedback on bets he/she has placed on the markets.

Answer and explain the first 2 questions in the Crypto category

• Will Cardano support smart contracts on Mainnet by October 1st, 2021?

My answer is 'YES, I believe that Cardano will support smart contracts before October 1^st because they have already launched the test net earlier this month also suggestions from popular crypto analysts say that the Cardano would support smart contract before October because of the ongoing installation of the Hard Fork which would enable the smart-contract to be executable on the Cardano Blockchain.

• What will the price of $MATIC be on September 3, 2021?(Range: $1.00 - $1.80)

My answer is YES because Matic is currently at $1.70, which is not far from %1.80. There was a recent correction on the market so that it would gear up for another bull run.
Since July 2020 Matic has seen an increase in price with a percentage of about %138.

Explain in detail a Predictive Market project, it can not be Augur, Gnosis or those explained in class

AUGUR

source

Augur is a decentralised Blockchain Oracle, it is built on the Ethereum blockchain, it is also a crypto prediction platform that offers users the ability to create their prediction markets and also offer their prediction Markets.

It was launched in 2015 with minimum use of about 200, but later its users fell drastically. Later on, the Augur group released a V2 Augur to help cob the problems of the V1. The Augur is a decentralised prediction site which means that no third party can alter or change any information, this helps to keep the market safe.

The Augur interface is unique and simple and does not require a private, ownership or Master Key to access your account, all you need is to connect your wallet to the platform and start trading on the different prediction markets.

For you, what will happen to Predictive Markets with blockchain technology? Who will benefit from them

I do not see a future for the predictive markets with blockchain technology because they are not popular among users and they do not provide a large market among popular events such as football, also it is good to note that one of the major ways these platforms are Funded is through crowdfunding and the centralised betting companies would like to discourage investors and creators of this kind of blockchain Technology because they (centralised companies) would like to make a profit by altering odds and changing market information which is not possible in the blockchain prediction market because of its decentralised nature. The Augur is a typical example of the failure in Blockchain prediction market platforms, because of its sharp decline in usage.