Does your country have a version of prediction market, or is one coming up?

[Yorubek]

The prediction market is still bew to a lot of people and some people that are finding out about it are showing interest, there's a whole lot of people that would want to use the prediction market. This isn't something that would be used in my country because a lot of people arr Interested in simple betting, this  involves trading as well which makes it a whole lot complicated, this is the reason why nothing lolw this can come up prediction in my country. The prediction market isn't really common or even known in a lot of countries and mine is one of them.

With time, the popularity of the prediction market is increasing, businessmen are investing because the gambling industry is a profitable business, but the prediction market is still new to many, but gradually people's interest in knowing about the prediction market is increasing because you have various opportunities to bet money as you wish. If your guess is correct, then there is a chance to make big money, but there is a lot of risk of losing money for a gambler. In our country, the prediction market has never had an impact, gamblers are more interested in playing sports betting.

[Donk1]

Well the fact is this for folks who want to make use of those kind of local platforms, to me it would likely be a risk because there is no local government regulation. So perhaps to avoid unseen circumstances and risk until they are fully ready to actually implement the local platform, they should probably just keep working on it as a demo version...that said when it comes down to it folks in the Philippines should avoid putting real money now until the government has fixed their rules to avoid any cheats, insider trading, and unfair decisions. That's all.....

[gracreavix]

I just checked as i saw this your post and to my greatest surprise we do have in my country. I was able to come across three different types. I will do well to check them out. I am very surprised because i didn't know we do have something like that in my country. Bayse, Signal by Busha, and Proxema. Those are the three i could find.

[Yeesha]

The prediction market is still bew to a lot of people and some people that are finding out about it are showing interest, there's a whole lot of people that would want to use the prediction market. This isn't something that would be used in my country because a lot of people arr Interested in simple betting, this  involves trading as well which makes it a whole lot complicated, this is the reason why nothing lolw this can come up prediction in my country. The prediction market isn't really common or even known in a lot of countries and mine is one of them.

With time, the popularity of the prediction market is increasing, businessmen are investing because the gambling industry is a profitable business, but the prediction market is still new to many, but gradually people's interest in knowing about the prediction market is increasing because you have various opportunities to bet money as you wish. If your guess is correct, then there is a chance to make big money, but there is a lot of risk of losing money for a gambler. In our country, the prediction market has never had an impact, gamblers are more interested in playing sports betting.

Are trying to say that, some people will remove some amount of money from their business and invest it in gambling businesses. As long as their actual business is moving smoothly, I don't see any reason for them to make such decision. What exactly do they stand to gain after taking such risks. Is not about the popularity of the prediction market. Many people have idea about prediction market, but they are afraid to take such risk, because they are clearly aware of it consequences. Connecting gambling to one's business is a very dangerous decision to make, because that can put the reputation of your business at stake or it can easily tarnish the image of your business. And it can also make you bankrupt

[free-bit.co.in]

People in areas that prohibit gambling will still access casinos and prediction markets from abroad. Some sites may be blocked by the government, but we as users know how to still access them.

Agreed, look at India. Since banning real money online game last May, Kalshi has been added India as restricted jurisdiction. And I've heard that India has also taken blocking action against Polymarket.
What happened then? Actually they failed to implement internet restriction.

Anyway my concern is not limited to government blocking. If any offshore casino is used, to whom should customer lodge their complaint in event of any dispute? If casino freezes account or any dispute arises regarding market settlement, effective recourse cannot be obtained from local regulator. In my view, regardless of whether there is prohibition or not, practical aspect of user protection and enforcement should be considered first.

[Sim_card]

Yes my country have a local prediction market called Moyrad. You can only use our local Fiat currency to trade in the site. Though, I haven't tried it before since, I am more of a casino gambler. Maybe, I will try it out to see the kind of event they are trading on.

[xenomorfo]

With time, the popularity of the prediction market is increasing, businessmen are investing because the gambling industry is a profitable business, but the prediction market is still new to many, but gradually people's interest in knowing about the prediction market is increasing because you have various opportunities to bet money as you wish. If your guess is correct, then there is a chance to make big money, but there is a lot of risk of losing money for a gambler. In our country, the prediction market has never had an impact, gamblers are more interested in playing sports betting.

Of course, what you're saying is a pure and true marketing truth.
Prediction markets are currently all the rage, and I've discovered that Polymarket has been around for a long time, it didn't just pop up recently.
So I think it's just a question of fashion that will pass.

[Cantsay]

The prediction market is still bew to a lot of people and some people that are finding out about it are showing interest, there's a whole lot of people that would want to use the prediction market. This isn't something that would be used in my country because a lot of people arr Interested in simple betting, this  involves trading as well which makes it a whole lot complicated, this is the reason why nothing lolw this can come up prediction in my country. The prediction market isn't really common or even known in a lot of countries and mine is one of them.

I had the same thoguht when I opened this thread, but then I came across the first response by someone who was from the same country as me, and to my greatest surprised I found out that there is a popular prediction market in my country.

Since then I have taken the opportunity to research others and I have found no fewer than 5 others. Although, the first one was a bit difficult for me to locate, I was kinda waiting for a response from that user, but didn't get any.

So far as there is a chance of making money off that thing people are going to use it. People love things that give them the chance to make money even if they have to risk a portion of their own money.

[CryptoHeadlineNews]

I don't know if these will launch because of the strict regulations in our country, but there's money to be made for our government in taxes and revenues.

In my country Nigeria we already have many exchange that are offering the betting of prediction market with the use of our Nigerian fiat currency. And platforms like NaijaPredicts, Moyrad and Chopdex. But I have not used any personally simbly because I doubt their authenticity to offer genuine prediction, and been able to pay users when they try to execute withdrawals without delay. But with the increasing demand of the prediction market globally, i'm very much sure that some of the big betting platforms in Nigeria like Bet9ja, SportyBet and Betking will be glad to initiate prediction markets on their platforms soon. But however, these platforms " NaijaPredicts, Moyrad and Chopdex." offers prediction market on local politics and news.

[Asuspawer09]

I was going to say that I didn't see or know of any prediction market yet in my country, the Philippines, but now that you mention this Suri Prediction Market, this is really interesting and new. It seems like it wasn't that popular yet I just joined the waitlist, and there are only around 300+ people registered. I mean I think it might be popular since it was something new even though prediction market already exist, the own version was really catchy I think and it might be something else for some gamblers in PH.

But the regulation was just very strict unless this platform is going to be registered locally, it is going to encounter a lot of issues operating, just like what other gambling platforms experienced.

[retreat]

There isn't a single type of local prediction platform operating in my country, whether legally or illegally, because besides government regulations that ban all forms of gambling, the prediction market model is still very new to most people here. People here are still more interested in playing mahjong, slots, or other traditional gambling forms. As for prediction markets, I think not many people here are really into that.

[rachael9385]

Yes my country have a local prediction market called Moyrad. You can only use our local Fiat currency to trade in the site. Though, I haven't tried it before since, I am more of a casino gambler. Maybe, I will try it out to see the kind of event they are trading on.

Most Nigerians don't know about the local prediction market because they are not popular. However, I hardly see any local prediction market advertisement online so this might be the reason why they are not popular yet.

The first comment I made on this thread yesterday I also mentioned few that I know, but I haven't tried any of them before, but while going through them I find some interesting events to bet on.

[abel1337]

I was going to say that I didn't see or know of any prediction market yet in my country, the Philippines, but now that you mention this Suri Prediction Market, this is really interesting and new. It seems like it wasn't that popular yet I just joined the waitlist, and there are only around 300+ people registered. I mean I think it might be popular since it was something new even though prediction market already exist, the own version was really catchy I think and it might be something else for some gamblers in PH.

But the regulation was just very strict unless this platform is going to be registered locally, it is going to encounter a lot of issues operating, just like what other gambling platforms experienced.

By doing a quick search, this is what I found. I guess they need a license in the PH or else they will be included as one of the illegal casinos in our country. Given that it is becoming harder to get a license in the Philippines, there's a possibility that they'd be an unlicensed prediction market. I'm curious on how they will solve this problem if ever they continue in building their prediction market business.

I honestly want to see what kind of market we would be having, I want to see more on politics (can easily be manipulated easy by crocodiles). I don't like to see more influencer markets but we will most likely have so many of them given how social media inclined Filipino are.

[Localhostspeed]

Most Nigerians don't know about the local prediction market because they are not popular. However, I hardly see any local prediction market advertisement online so this might be the reason why they are not popular yet.

The first comment I made on this thread yesterday I also mentioned few that I know, but I haven't tried any of them before, but while going through them I find some interesting events to bet on.

I will say that you shouldn't speak for everyone. They know about prediction markets, most Nigerians hardly see something that involves money and risk they don't know about. I just think that people don't know how it work and they don't like to put money on what they had no idea. Most of them watch football games all throughout the week, this is why you see most of them put money on gambling casino games and bets but more on sports bets.

Nigerians loves gambling things on something they have idea about. If you want to find out that Nigerians knows very well about prediction market is, go to Polymarket, search for election and find Nigeria presidential election, you will see thousands of dollars on shares they have bought about upcoming elections. Other non Nigerians can be involved but only a person that is rooted in Nigeria will want to bet on Nigeria presidential election outcome.

[Mayor of ogba]

I have never even thought about my country having a local version of a prediction market, but your post made me to run a quick research to ascertain whether my country has a prediction market or not, to my greatest surprise I found out my country has upto five prediction market, this prediction market are Bayse, NaijaPredicts, Chopdex, 2Sabi, and Signal by Busha.

[Adiljutt156]

Most Nigerians don't know about the local prediction market because they are not popular. However, I hardly see any local prediction market advertisement online so this might be the reason why they are not popular yet.

The first comment I made on this thread yesterday I also mentioned few that I know, but I haven't tried any of them before, but while going through them I find some interesting events to bet on.

I am living in a country where gambling and predictions are officially illegal, but still people are having enough points to entertain themselves with these activities. There are few places where, with local currency, people can enjoy predictions and have good profit; even in case of any official action, they can face serious consequences, but no one can stop them from these activities.

Big cities are having enough spots where it's working now. Many online sites are also accepting people from our country, which is giving them a good chance of doing their stuff without any fear or problem with the use of cryptocurrency, making life easier because it's having a quick way of withdrawal and deposit while the banking system has never been easy like this.

[ColdLava40]

The prediction market is such a hot topic, and some big players like Draftking is coming in to have a share of the market. How about a local version of a prediction market? Do you already have one, and how did your regulator classify it?

Yeah, in my country we already have "Signal" which was launched by Busha, a local exchange in Nigeria and is licensed by Lagos state Lottery and Gaming Authority. From the licensing provider we can see it is treated as gambling by the state regulators. it was launched this year around August.

Its my first time hearing about this or maybe it's because it is not that popular in the country and it was launched recently

I've only seen prediction markets on some exchanges but they are not local. Many people might not even be aware of prediction market since an average Nigerian is more concerned about sport betting.

Our government don't really pay too much attention to these online platforms but they are bodies that are places to regulate them.

[rachael9385]

Most Nigerians don't know about the local prediction market because they are not popular. However, I hardly see any local prediction market advertisement online so this might be the reason why they are not popular yet.

The first comment I made on this thread yesterday I also mentioned few that I know, but I haven't tried any of them before, but while going through them I find some interesting events to bet on.

I will say that you shouldn't speak for everyone. They know about prediction markets, most Nigerians hardly see something that involves money and risk they don't know about. I just think that people don't know how it work and they don't like to put money on what they had no idea.

Normally, majority of gamblers knows about predictions market but they don't participate on the events because they might not know how it works or have good ideas about it.
What I mean on my previous comment is that a lot of Nigerians don't know about local prediction market because it's not advertised like the way gambling platforms advertise sport events or their platforms.

[greysonz]

I see absolutely no point in opening a local prediction market in the country where I live, because I know the government will immediately monitor users and force everyone to undergo mandatory document verification, and all this information will be immediately reported to the tax authorities. Not to mention, this resource could simply be shut down without explanation. Therefore, just like with global online casinos like Stake or Rollbit, I will continue to use it, despite the fact that my country has a huge number of local online and brick-and-mortar casinos. This is because I believe in global and honest brands.

[serjent05]

By doing a quick search, this is what I found. I guess they need a license in the PH or else they will be included as one of the illegal casinos in our country. Given that it is becoming harder to get a license in the Philippines, there's a possibility that they'd be an unlicensed prediction market. I'm curious on how they will solve this problem if ever they continue in building their prediction market business.

I honestly want to see what kind of market we would be having, I want to see more on politics (can easily be manipulated easy by crocodiles). I don't like to see more influencer markets but we will most likely have so many of them given how social media inclined Filipino are.

Philippines always requires a license for any platform to operate in its local vicinity.  As far as I know, Polymarket was endorsed for blocking by PAGCOR in May, 2026, https://bitpinas.com/feature/exclusive-globe-polymarket-order.  The Philippine government tagged Polymarket as an underground prediction market, there are also two local underground prediction markets, namely: https://hulaph.com/about and the one that will be launching soon https://www.suri.ph/