Are you making money in prediction market or you at a loss?

[Ever-young]

My market predictions are mostly for fun and nothing more because I am not good at guessing and the analysis is going as expected these days due to the market condition. I know people predict the market for money, but I mostly do that when I want to trade and it is usually based on charts and how the market conditions go at that particular period. Some people predict and get rewarded for that which is nice, but risking money on it is something I can’t do.

I will prefer to play sport betting, make predictions on the football matches I am sure of them some money and move on that’s the easiest gambling activity in my opinion because I am not good at guessing, and football analysis can give you hint and if you not greedy, you can get some money.

Understanding the fact that no matter how smart  one is, one can't predict how the market will go. The thing is just that, one should do what us right, set limits towards their gambling habits and be in control of their emotions, which keep their emotions  down or in check, because staying disciplined will help them to make informed choices that will keep them in line and prevent from any problems or consequences that comes with gambling irresponsibly.

[alegotardo]

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

Well, because the enormous fame and publicity of them, I was "forced" to place some bets on them.

I've been bet very little and I usually choose things that are quite "different" and unrelated to wars, politics and things like that. I think I am also trying to find some fun in the prediction market, but I confess that is very boring. I see it much more as a trade than a game.

I ca not say that make money from not, firstly because I am betting very little and secondly because I do three wrong choices that have cost me money so far. But what I can say is that I am not enjoying it and I think the prediction market will never replace gambling.

[suzanne5223]

I don't see much fun in prediction markets because I have not made the decision about participating in such a model of gambling since I'm enjoying slot games and sports betting. However, you using $50 to bet and win $8 seem to be a dangerous gamble, or is it not that you're risking $50 to win $8?
I ask this question because i am yet to fully understand how prediction market gambling works.

You can not understand how prediction market is until you visit a prediction market site, but you will still not know all until you bet on the site.

Yes, I used $50 to win $8. Yesterday I used $49 to win $54. It remain just little for me to lose the money as bitcoin fall to $66000 but my bet was that bitcoin will be above $66000 on the 2nd of April.

I have withdrawn my money for now after I won the money.

You did have a point, I indeed don't have an in-depth insight about the prediction market working model, all i know is that it involves predicting the future result of something to win a bet. However, given what you just said and what OgNasty said below your reply about how it feels  which he said it was green, I might give it a try one of these days.
Which prediction platform do you use? Do i need to go through KYC?

[Porfirii]

I'm definitely at a loss, but this is no surprise because the predictions I make are practically black swans that are highly improbable, not to say practically impossible. A win would make me almost rich, so being at a loss in prediction market is the result that I take for granted. It's almost as if I don't want to win, but that's where I find the fun, I don't know if it happens to the rest of you too.

[Insanity]

Prediction markets are somewhat different from gaming. This prediction is based on events outside sports, which can be very manipulative to some extent, and there is nothing that can be done about it because the majority of the outcomes are kind of being influenced when you least expect it to, and there have been many scenarios of such events and instances that have occurred in the past, pointing towards a possible manipulative act.

Do you see the one for Trevor Noah? Someone placed a bet for him to say “potato” on tv and he said it, the account was named “trevorxxxx”. So many people speculated that he’s the one behind that account and so he simply just made a lot of money by betting on himself saying something on tv.

I am glad you gave this instance, and that is the prediction market for you. There have been so many events such as this in the past, but all were swept under the carpet, as nobody could go against them just because it was a prediction market, but the process is being manipulated based on information and influence. This is also applicable to the prediction that involves the government, as we have seen in just a few events that happened last month, and we all saw for ourselves how it happened, and I believe the majority lost heavily to it because they thought that could be the least or last thing Trump could do to humiliate a sitting president of a nation.

I believe that prediction markets can be profitable, but only in bigger markets where they are hard to manipulate. The case of Trevor Noah is precisely the reason why other individuals do not have trust in smaller prediction events. When the individual in question has the ability to affect the outcome, then the common gamblers are already disadvantaged in the first place. This usually occurs in the political markets surrounding Donald Trump where individuals make emotional bets rather than rational ones. I think that the majority of users lose as they are guided by hype, rumors, and emotions rather than actual probabilities.

[Mahiyammahi]

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

In the prediction market, it often happens that even if you make a profit on a few trades, a big loss can wipe out all those profits. That is, the amount of earnings you make on 10 winning trades can be lost in one wrong trade.
For this reason, I think the prediction market is not very safe or reliable.

However, if you want, you can try it for a few days. If your winning ratio is 70% to 80% or more, then you can continue. But if it is below this, it is not right to stay in this market.
Especially Bitcoin prediction is very unpredictable, especially in a short timeframe like 5 minutes.

I myself have bet a little on the 5-minute Bitcoin prediction market and created volume, for the possibility of getting an airdrop in the future. However, I bet for a very short time and with limited risk.

[YOSHIE]

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

The prediction market is currently a favorite site for many gamblers, including me, but I have only been using it for about two months, there are several of my friends who have been using it for a long time, yes they can make a lot of money, I have been using it for two months which can also be said to be ok.

What's more, the current state of countries, almost all events are included in the prediction market, recently regarding predictions of US troops attacking land routes to Iran, the world, people, countries, have been used as prediction bets, therapy, whatever type of prediction, I enjoy it and I have succeeded in predicting several bets, the results are not bad.

[r_victory]

I can't say for sure, because since the launch of Polymarket and other prediction platforms, I haven't used any of them. I haven't felt the urge yet; I prefer online casinos. Just yesterday I took a look at some of the available "options" and even got interested in trying them. If I try any, I'll come back here to tell you how it went.

[Dunamisx]

I can't say for sure, because since the launch of Polymarket and other prediction platforms, I haven't used any of them. I haven't felt the urge yet; I prefer online casinos.

There are few gamblers I also know that don't admit the take of prediction market, because they are quite aware of the risk in it more than that of the casino games, we should not go into playing it if we are not ready for the condition that may come around it, so in my own case as well, it's not a go, because I can't afford playing prediction market when am yet to explore all the casino games.

[Orpichukwu]

I can't say for sure, because since the launch of Polymarket and other prediction platforms, I haven't used any of them. I haven't felt the urge yet; I prefer online casinos. Just yesterday I took a look at some of the available "options" and even got interested in trying them. If I try any, I'll come back here to tell you how it went.

I have also been among the few who have just been observing these prediction markets from the background, and there were two events which almost made me place a bet on one of them, but somehow I didn't. One was the US presidential election, which contributed to making Polymarket popular, and the other was during the new pope selection, but somehow I just missed them all. Until I see an event that catches my attention, I will just be in the background.

[Onyeeze]

I can't say for sure, because since the launch of Polymarket and other prediction platforms, I haven't used any of them. I haven't felt the urge yet; I prefer online casinos. Just yesterday I took a look at some of the available "options" and even got interested in trying them. If I try any, I'll come back here to tell you how it went.

online casino is what most of us who are into gambling prefer and they are don't even believe on all the prediction platforms sometimes those prediction platforms will make you to lose more than your expectation or your budget because you rely on them thinking that the prediction the gift to you is all accurate, it will be better under nice for you to not depend on a prediction platform and make your own research concerning what ever game you want to play that will give you, the opportunity to benefit from gambling, sometimes the prediction platforms do make prediction of whatever they feel like because there are not staking on it.

[CryptoHeadlineNews]

online casino is what most of us who are into gambling prefer and they are don't even believe on all the prediction platforms sometimes those prediction platforms will make you to lose more than your expectation or your budget because you rely on them thinking that the prediction the gift to you is all accurate, it will be better under nice for you to not depend on a prediction platform and make your own research concerning what ever game you want to play that will give you,

It seems you are getting it all wrong about the context of what prediction market simply means, because the phrase "Prediction Market" as been used in the context of this thread, refers to a platform where people make prediction about a variety of events, ranging from politics, tech, movies, music, celebrity lifestyle and just almost everything. And not literally a platforms that claims to offer Sport betting tips or code.. Because there is actually a big difference between these two. However, when it comes to Prediction Market, the kind of bets you gamble on could be; Example, "Will Donald Trump post today on Twitter? (Yes or No)" Or "Will Bitcoin hit $100k before May 2026? (YES or NO). And if you gambled on "YES, and he eventually posted, or Bitcoin crossed the benchmark and you won. Then, it will be said that you were lucky on your bet on Prediction Market. Because it simply a market where you could predict almost everything.

[alani123]

I try to avoid prediction markets because the biggest platforms have been caught lying directly to their users both pokymarket and Kalshi

Of course prediction markets stand to win a lot by creating controversial markets and taking their fees, but they stand to win even more if they have a big market incorrectly.  So that's what I think is going on here. Just plain greed

[rojan]

I can't say for sure, because since the launch of Polymarket and other prediction platforms, I haven't used any of them. I haven't felt the urge yet; I prefer online casinos. Just yesterday I took a look at some of the available "options" and even got interested in trying them. If I try any, I'll come back here to tell you how it went.

online casino is what most of us who are into gambling prefer and they are don't even believe on all the prediction platforms sometimes those prediction platforms will make you to lose more than your expectation or your budget because you rely on them thinking that the prediction the gift to you is all accurate, it will be better under nice for you to not depend on a prediction platform and make your own research concerning what ever game you want to play that will give you, the opportunity to benefit from gambling, sometimes the prediction platforms do make prediction of whatever they feel like because there are not staking on it.

I believe that prediction markets as well as online casinos can also make you lose in case you rely on the opinions of other people too much. A lot of users rely on predictions of experts without conducting their research, and that is where the issue typically begins. Prediction markets are never right since no one can be sure of what is going to happen in the future. Nevertheless, casinos are more risky since majority of the games depend primarily on luck. I think that the most suitable way is to rely on your own analysis, manage your bank, and bet only the money you can lose in both scenarios.

[Pi-network314159]

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

i have not use money market to make money and even if i want to try it, it will be for the money and not for fun. what is the essence of gambling when something is not coming out in return of the risk involve? at least there should be something that should be gotten that will be equal to the task. i like the fact that you are not spending more than you could afford to lose because the worst part or worst case scenario is when you bet above the amount you cant afford to lose, then it will be a problem.

[m2017]

Is prediction market fun?

How is this fundamentally different from regular gambling? Nothing, because it's the same betting, just not on sporting events.

Whether it's fun will depend on the individual gambler (how they perceive gambling).

I have been on prediction market since some days now, but I do not see it as fun, all I was looking for is just money.

At least an honest answer, unlike most gamblers who claim that gambling is fun for them.

I have been winning all the events that I am predicting and it is basically about bitcoin daily price prediction, but the money earned is small and I know I can lose it in just one day. I have used $50 to earn 3 to $8 daily but it can not be as expected all the time.

Better a small win than a big loss, right?

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

I don't use the prediction market at all, because I'm completely inept at forecasting. But I do know that, for example, on the polymarket, it's important to carefully read the terms and conditions when placing bets, as seemingly insignificant details can directly impact your winnings.

Although I think prediction markets are cool.

Any opportunity is cool, but unfortunately, I'm not yet ready to join this race for winnings in the prediction market.

[Bitcoin.com97]

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

In the prediction market, I'm more for fun than for money, to see how far my intuition aligns with the real events that occur. We all know that we can't earn much from predictions that are highly likely to happen, unlike in real gambling platforms where we can easily get 1,5x - 3x. Just like you, I also have limits on market predictions, so far the highest bet I have made is $30, I will make sure that I will never go further than that number.

Same here too, prediction market is more of fun , I make sure I don’t bet too higher , it’s just about our instincts, if it will favor us or not , sometimes it aligns and sometimes it may not , just a probability , sometimes it’s accurate than we even expected it , it’s best not to go above your capacity so that if it’s not accurate too it won’t affect you that much .

[Johnlomape]

I see the prediction market as a very difficult market to predict the outcome of things people are betting on.
Since this market can be manipulated, I don't see it as a lucrative one that I would have to put huge amounts of money for me to make money and the odds most times are very small compared to when you bet on parley on sport betting. I don't know if there has been people that are making money from the prediction market but I don't see it as a good alternative for me if I dont want to bet on sports.

[CryptSafe]

Prediction markets are somewhat different from gaming. This prediction is based on events outside sports, which can be very manipulative to some extent, and there is nothing that can be done about it because the majority of the outcomes are kind of being influenced when you least expect it to, and there have been many scenarios of such events and instances that have occurred in the past, pointing towards a possible manipulative act.

Do you see the one for Trevor Noah? Someone placed a bet for him to say “potato” on tv and he said it, the account was named “trevorxxxx”. So many people speculated that he’s the one behind that account and so he simply just made a lot of money by betting on himself saying something on tv.

I am glad you gave this instance, and that is the prediction market for you. There have been so many events such as this in the past, but all were swept under the carpet, as nobody could go against them just because it was a prediction market, but the process is being manipulated based on information and influence. This is also applicable to the prediction that involves the government, as we have seen in just a few events that happened last month, and we all saw for ourselves how it happened, and I believe the majority lost heavily to it because they thought that could be the least or last thing Trump could do to humiliate a sitting president of a nation.

I believe that prediction markets can be profitable, but only in bigger markets where they are hard to manipulate. The case of Trevor Noah is precisely the reason why other individuals do not have trust in smaller prediction events. When the individual in question has the ability to affect the outcome, then the common gamblers are already disadvantaged in the first place. This usually occurs in the political markets surrounding Donald Trump where individuals make emotional bets rather than rational ones. I think that the majority of users lose as they are guided by hype, rumors, and emotions rather than actual probabilities.

It is true that the prediction market can be profitable, but I think it is just for a few who are most powerful and influential to manipulate the outcome of things in their own direction so they can go home with fat pockets, as it has always been their way. Prediction markets can no longer be trusted because of the happenings surrounding them and how they are currently running. Just a few people who are in the know, connected to the top shots who got tips early enough to act on them, are the ones who benefit from it. The prediction market is messed up, and I would not advise anybody to fall for government-predicted events anymore, or individuals who can not be trusted with their words.

[Taskford]

I believe that prediction markets can be profitable, but only in bigger markets where they are hard to manipulate. The case of Trevor Noah is precisely the reason why other individuals do not have trust in smaller prediction events. When the individual in question has the ability to affect the outcome, then the common gamblers are already disadvantaged in the first place. This usually occurs in the political markets surrounding Donald Trump where individuals make emotional bets rather than rational ones. I think that the majority of users lose as they are guided by hype, rumors, and emotions rather than actual probabilities.

It is true that the prediction market can be profitable, but I think it is just for a few who are most powerful and influential to manipulate the outcome of things in their own direction so they can go home with fat pockets, as it has always been their way. Prediction markets can no longer be trusted because of the happenings surrounding them and how they are currently running. Just a few people who are in the know, connected to the top shots who got tips early enough to act on them, are the ones who benefit from it. The prediction market is messed up, and I would not advise anybody to fall for government-predicted events anymore, or individuals who can not be trusted with their words.

Yeah if they have power to change the possible event will yeah, they have great chance to became profitable on prediction market. If it happens that they are regular bettors and just relying on the news then not sure about future outcome, their possible gain is uncertain. Maybe yeah they possibly hit more wins. But if luck didn't comes with them and situation goes opposite to what they predicted then expect losses for those outcomes.

I also don't want to bet on political events, since those politicians can possibly manipulate the out come and I don't want to be one of collateral damage of their manipulative actions.