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What is a prediction market? An in-depth analysis of how Polymarket, Kalshi, and Myriad operate
【Plain Language Introduction】Prediction markets have become the "truth machines" for insights into the future.
This article provides a detailed explanation of the operational mechanisms of Polymarket, Kalshi, and Myriad: by visualizing event probabilities as trading shares from $0 to $1 , enabling real-time pricing of collective wisdom. From off-chain compliance and regulation to on-chain AMM algorithm-driven processes, this "information finance" track is reshaping media and decision-making ecosystems.
In 2026, when trading volume surges, see how prediction markets transcend the boundaries of gambling and truth.
For more details, please see: