Didn't Notice a Single Prediction Market Promotion Here

[Perfectbaby]

I think there are platform and even exchange wanting to offer predictions market, some gambling sites are also integrating to predictions market, the thing is that since they haven't launched their service over here is seems as if we are not much informed about prediction market.
Of course there are other gambling platforms launching here on a daily basis but we don't actually know their real plans and market structure, some of the gambling site could be looking for a way to integrate into predictions market. But just as you said, their license may not cover them, maybe they may have to submit another operational license for them to be able to operate on predictions market.

[r_victory]

They certainly have a marketing department and might even be aware of the forum's existence, but the audience here is quite select. I believe there is more room for casinos and exchanges; their market, despite including users from here who utilize their platforms, is much broader. They might come here someday, too; it’s hard to say why they haven't done so yet.

[Mpamaegbu]

For them, advertising here would be the equivalent like a downgrade or going backwards.

That could also be a reason, who knows? I mean, whatever that has stopped them all this while coming here is also strengthening their faith elsewhere and seeing here as less important to their business. They may even have reasoned that if they could get the milage and patronage they've without coming to this forum, then they can do better without being here. The volume in capital they control is mind blowing and I think they already know where their customers could be lurking which to them may not be here. It's not a bad marketing strategy when prediction markets don't storm here to hawk their wares. Of course, Reddit and X are providing viable options for them.

[Nwada001]

They certainly have a marketing department and might even be aware of the forum's existence, but the audience here is quite select. I believe there is more room for casinos and exchanges; their market, despite including users from here who utilize their platforms, is much broader. They might come here someday, too; it’s hard to say why they haven't done so yet.

Every marketing team has how they calculate and focus where they want to find their targeted audience from, and sometimes most of them are waiting for the first similar project to take the step and see the result they will get before they bring in their own promotion. As long as the prediction market keeps on expanding, we are likely going to see some of them land in this forum to run their promotion some day.

[lodocus]

Unlike casinos, it’s quite normal for there to be some monopolies and limited competition in betting markets. It’s nearly impossible to catch up to the current giant prediction markets from scratch because, as their volume increases, people will naturally gravitate toward them.

As a result, if the giant prediction markets don’t want to establish a presence here, it’s unlikely that anyone else will come in and try to do so.

[GxSTxV]

I've noticed that there's a new casino introduced every now and then. They're sprouting like mushrooms. Even here on the forum, there's a new one coming out almost every week.

I wonder why there are no prediction markets, though. We've often read that prediction market is the next big thing. We're all familiar with Polymarket and Kalshi and how they hit the mainstream in a relatively short period of time. They grew from their humble beginnings of a few millions in seed capital not too long ago to a valuation of tens of billions today.

I also noticed this a long time ago; Polymarket existed now for 6 years, if I remember well. Some casinos that are promoting their platform here, not much, but certainly some of them started this prediction market, but they didn't promote it big, and some have already stopped it and taken it off, just like Stake.

Reading your replies here, I have seen different opinions and answers, but none of them were certain or convincing to me. Regulations with the casino's license are complicated as well; there are some rules to follow if they want to start a market.

[Sammysmart001]

I think there are platform and even exchange wanting to offer predictions market, some gambling sites are also integrating to predictions market, the thing is that since they haven't launched their service over here is seems as if we are not much informed about prediction market.
Of course there are other gambling platforms launching here on a daily basis but we don't actually know their real plans and market structure, some of the gambling site could be looking for a way to integrate into predictions market. But just as you said, their license may not cover them, maybe they may have to submit another operational license for them to be able to operate on predictions market.

The lack of promotion here might not necessarily mean that prediction market’s aren’t interested in Nigerian market, platform can enter market without advertising on this forum directly. Most especially if it has other means of reaching it users already.

I would say that availability is much more important than promotion, users will want to know whether the platform is legally allowed to operates even if prediction markets are heavily advertised. And they will want to know how disputes are handle and how withdrawal works before they will want to put in their money.

[danherbias07]

They certainly have a marketing department and might even be aware of the forum's existence, but the audience here is quite select. I believe there is more room for casinos and exchanges; their market, despite including users from here who utilize their platforms, is much broader. They might come here someday, too; it’s hard to say why they haven't done so yet.

Yeah, I agree. I think they will come here someday. They also have the team to monitor the number of people coming to their websites, and I think when the time comes that those numbers are going down, they will come up with the idea to advertise here.
For now, I don't think they will because they are still in the hype. Then, the competition is not really that high yet. Sure, even wallet applications are starting to integrate prediction markets, but most of them are also using the popular ones. Those crypto wallets are just a bridge for them, and it's not really a competition yet.

[Cantsay]

If you’re unable to get large people you won’t be able to get make anything out from a prediction market if you open one but when you’re running a casino you don’t really need that large amount of users to be able to make something off of a casino.

I don’t know how the whole setup for prediction market is, but I believe it’s a lot simpler to get everything you need for a casino than it is to get the one for a prediction market.

[Hispo]

For them, advertising here would be the equivalent like a downgrade or going backwards.

That could also be a reason, who knows? I mean, whatever that has stopped them all this while coming here is also strengthening their faith elsewhere and seeing here as less important to their business. They may even have reasoned that if they could get the milage and patronage they've without coming to this forum, then they can do better without being here. The volume in capital they control is mind blowing and I think they already know where their customers could be lurking which to them may not be here. It's not a bad marketing strategy when prediction markets don't storm here to hawk their wares. Of course, Reddit and X are providing viable options for them.

That is true, Polymarket and it's associates are very active on Twitter/X. Perhaps, because it is a social media which actually suits them very well to reach more people and also promote their markets at the speed of light.
They also use their official Twitter/X account in order to inform people on the results of their prediction markets.
That is something they would have quite a rough time if they tried to do the same here on this forum, as the format of forums is slower, and there are not as many people on here than there are in Twitter/X.

Still, our community here in legendary for obvious reasons and there are many advantages on advertising here instead of other social media.

[Darker45]

I also noticed this a long time ago; Polymarket existed now for 6 years, if I remember well. Some casinos that are promoting their platform here, not much, but certainly some of them started this prediction market, but they didn't promote it big, and some have already stopped it and taken it off, just like Stake.

Both Polymarket and Kalshi have been around for several years but their big break came just recently, perhaps just a couple of years ago. It was largely during the 2024 US election season when billions came in, when they became like a byword for tracking real-time election momentum or odds. They seem to have transitioned overnight from a niche market into a public barometer for politics.

So, while they became big in the US, perhaps it was just the timing that made all of it possible? Outside of the US, it might be possible such kind of market won't be received well?

Reading your replies here, I have seen different opinions and answers, but none of them were certain or convincing to me. Regulations with the casino's license are complicated as well; there are some rules to follow if they want to start a market.

Yeah, I'm still confused until now there's not a single platform aggressively coming forward trying to become the Polymarket or Kalshi to the rest of the world.

I'm thinking some investors are considering the possibility that the rest of the market outside the US might not find the prediction market setup interesting.

[9ja Amaka]

Many companies in diverse industries are not familiar with the Bitcointalk forum. Even if they are familiar with it, they have not seen an ideal reason to promote their platform on the forum.

In the meantime, Kalshi and Polymarket have already gained the attention needed. I do not see how running a promotional campaign on the forum will help the platform grow.

A new prediction market platform that might be more focused on the use of cryptocurrency that might be interested in promoting their brand here. Prediction markets are being talked about a lot right now. But only a few are popular, it is actually not impossible that in the future we will see brands from new prediction markets promoting them in forum.

This makes more sense. A prediction market that would put cryptocurrency as the main priority may want to promote their brand here. Well, it won't be immediately. It is going to take a lot of time for those types of prediction markets to start coming here. It took Crypto Casino some time to identify the forum for promoting their brand. As of now, most of them won't want to miss out on running their promotion here.

[xenomorfo]

You are right the reason some folks created something like that is to scam people but since they won't force anyone to join them, if someone went ahead to join it will be at their own detriment because it will be obvious that greed made them to, I know some people are good in prediction but come to think about it,  no game is sure so there is a possibility any game can go wrong . I don't see myself looking for a prediction site or market because winning is totally luck.

Game Gambling, as the name suggests... is a game, therefore a pastime.
When you go on a picnic or go to the beach to pass the time, do you earn money? No. You lose it, you spend it or perhaps better said you invest it for your mental health.
If you like to play well, play without exaggerating otherwise if you want money you better work.

[Ishicryptic]

They certainly have a marketing department and might even be aware of the forum's existence, but the audience here is quite select. I believe there is more room for casinos and exchanges; their market, despite including users from here who utilize their platforms, is much broader. They might come here someday, too; it’s hard to say why they haven't done so yet.

Yeah, I agree. I think they will come here someday. They also have the team to monitor the number of people coming to their websites, and I think when the time comes that those numbers are going down, they will come up with the idea to advertise here.
For now, I don't think they will because they are still in the hype. Then, the competition is not really that high yet. Sure, even wallet applications are starting to integrate prediction markets, but most of them are also using the popular ones. Those crypto wallets are just a bridge for them, and it's not really a competition yet.

When you talk about the prediction market it is basically Polymarket and kalshi, that comes to mind so you can see that there is no competition for both so perhaps they don't see a need for aggressive marketing in this forum yet. Perhaps if a couple more prediction sites makes it to the level of these two established sites I'm sure that we will begin to come up with marketing strategies to outdo each other and it would be at that stage that they would be trooping into this forum to increase their visibility, reputation and patronage. Polymarket and kalshi, should enjoy the top spots while it lasts because there would surely be strong competition in the future because the market is profitable for those at the top.

[SamReomo]

I've noticed that there's a new casino introduced every now and then. They're sprouting like mushrooms. Even here on the forum, there's a new one coming out almost every week.

I wonder why there are no prediction markets, though. We've often read that prediction market is the next big thing. We're all familiar with Polymarket and Kalshi and how they hit the mainstream in a relatively short period of time.

I'm not sure why they aren't advertising their services here on this forum but I've seen their advertisements on Coinmarketcap, and I think they might not know much about this forum that's why they aren't here or there might be another reason.

Casinos mostly target specific audience and that's why they advertise their services here but prediction markets might target different audience that might be the reason why they aren't on Bitcointalk.

Who knows in future we might see prediction market promotions on this forum but as of now they aren't here but still there's chance if new prediction markets get created then they might consider marketing their services on the forum.

[freedomgo]

Who knows in future we might see prediction market promotions on this forum but as of now they aren't here but still there's chance if new prediction markets get created then they might consider marketing their services on the forum.

The competition is still low, and they are probably already satisfied with what they have now, so they may just stick with that for the meantime. But that won't last forever. Eventually, smaller platforms could also start running their own prediction markets, and that's where the industry could become more interesting. I'm saying industry because gambling and prediction markets are not exactly the same thing, and depending on the jurisdiction they can also fall under different regulations.

[Aanuoluwatofunmi]

I even like that they are not being advertised here; I have seen several countries that do not support the existence of prediction markets because of the way it is more of being outrageous to play and involves risk, while the entire process cannot be trusted either. Or should I assume that prediction markets can't even afford to have a reputable representation on this platform that can be trusted to relate to their users in the community and engagement?

[suzanne5223]

I even like that they are not being advertised here; I have seen several countries that do not support the existence of prediction markets because of the way it is more of being outrageous to play and involves risk, while the entire process cannot be trusted either. Or should I assume that prediction markets can't even afford to have a reputable representation on this platform that can be trusted to relate to their users in the community and engagement?

Prediction market can't even afford a representative they can trust? That's not entirely true, based on their achievements so far and the traction they are currently getting, which makes them feel that the marketing for their brands on the forum is not irrelevant.
If you have or know any campaign manager who can give you insider information, you can ask them.

[danherbias07]

When you talk about the prediction market it is basically Polymarket and kalshi, that comes to mind so you can see that there is no competition for both so perhaps they don't see a need for aggressive marketing in this forum yet. Perhaps if a couple more prediction sites makes it to the level of these two established sites I'm sure that we will begin to come up with marketing strategies to outdo each other and it would be at that stage that they would be trooping into this forum to increase their visibility, reputation and patronage. Polymarket and kalshi, should enjoy the top spots while it lasts because there would surely be strong competition in the future because the market is profitable for those at the top.

They will feel it in their sales or their traffic if the numbers are getting lower. Right now, I don't think it's happening yet. In fact, the traffic may be much higher because of the hype around their industry. This is their era, and we must wait for it to calm down before they work out their marketing strategies in forums and other platforms where there are people who will probably gamble or use a prediction market.

Yeah, they can enjoy it while it lasts. Soon people will probably get bored and just switch back to sports betting. The worst-case scenario is when a bigger competitor comes out against them in the same industry, or a new kind of thing comes out, like what Meta is creating, named Arena.

[MRY]

Prediction market can't even afford a representative they can trust? That's not entirely true, based on their achievements so far and the traction they are currently getting, which makes them feel that the marketing for their brands on the forum is not irrelevant.
If you have or know any campaign manager who can give you insider information, you can ask them.

This can be seen through the quick development of forecasting forums as well. Indeed, when one manages to attract user attention, the promotion of company through investing into forum representatives becomes profitable move that is worth trying in order to maintain the positive company image.

Of course, the management of promotional campaigns knows some practical tricks concerning the distribution of these funds. It will become clear only after receiving information from advertisers that forums are still a very important means of developing speculative networks.