Example:
~~~ embed:1840779613997347299?s=46&t=f3qY2xxYIegwgxWlYwko8g twitter metadata:MHhwb2x5Z29ufHxodHRwczovL3R3aXR0ZXIuY29tLzB4cG9seWdvbi9zdGF0dXMvMTg0MDc3OTYxMzk5NzM0NzI5OXw= ~~~
Imagine if INLEO had a prediction market for the upcoming U.S. Election. It was created by XYZ user by sending 10 LEO (or HBD/HIVE, etc.) to @leopool as the creation fee.
The creator sets 2 possible outcomes. (Kamala or Trump to win the U.S. election). They then can set the initial voting fee for each. The fee is dynamic to the current winner % (this creates the odds).
The creator also has to choose when the market closes (i.e. 1 day before the end of the election, date when winner is announced).
After the election is over, a poll is initiated by the creator of the market (or autonomously by the prediction contract). That poll is then voted on using 1 of the 2 implementations mentioned above (either community leader-based voting or community-based voting) to vote on the actual outcome of what happened IRL.
Once closed, the voted crypto (HBD, HIVE or LEO) is sent out accordingly based on votes.
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