This article introduces the basic concepts, types, and practical applications of prediction markets. It discusses how binary, categorical, and continuous markets operate and analyzes their applications in political, economic, corporate, and other fields. The article focuses on liquidity issues and their solutions, such as AMM and CLOB mechanisms, and explores the potential role of large language models (LLMs) in market rule creation and dispute resolution.
1/14/2025, 8:27:10 AM