Myriad Markets: Where Information Becomes Interactive

Prediction markets are rapidly growing, especially with the rise of blockchain technology. Myriad Markets, a platform developed by DASTAN, the parent company of Decrypt and Rug Radio, takes this concept even further by integrating prediction markets directly into the content we consume.

What Are Prediction Markets?

Prediction markets allow users to bet on the outcome of future events. These could range from sports events and political elections to legal cases and economic trends.

The concept is simple: each event is represented as a market where users can buy shares that represent the probability of a specific outcome. If their prediction is correct, they make money. If not, they lose their stake.

There are different types of prediction markets:

Binary Markets: Two possible outcomes (e.g., "Abstract Horizon will post an article tomorrow ? ").
Categorical Markets: Multiple possible outcomes (e.g., "What will be Abstract Horizon's market position in the digital media industry by the end of 2025? - Options: Leader, Top 3, Top 10, Niche Player, etc."
Scalar Markets: Outcomes based on numerical values (e.g., "Abstract Horizon will exceed 20k followers by the end of 2025. ").

These markets operate dynamically, with share prices fluctuating based on supply and demand. Participants can buy and sell shares at any time, even before the event concludes.

How Does Myriad Markets Work?

Myriad Markets leverages blockchain technology and an Automated Market Maker (AMM) model to ensure liquidity. Unlike centralized platforms where a single entity provides liquidity, any user can contribute funds to facilitate trading.

The algorithm adjusts share prices automatically based on transactions:

If many users bet on a particular outcome, its price rises, reflecting a higher perceived probability. If fewer people bet on an outcome, its price drops, making the bet more attractive.

To verify event outcomes, decentralized oracles provide real-world data, ensuring fair and transparent resolutions

Turning Content Into an Interactive Playground

Where Myriad Markets truly innovates is in its integration with articles, videos, and other media formats. Instead of being just a betting platform, it turns content consumption into an interactive and engaging experience. For example, you read an article about cryptocurrency trends. While reading, you can simultaneously place a prediction on Bitcoin’s price movement for the week, all within the same page.

Earn Rewards for Accurate Predictions

Users can earn Myriad Points by completing quests and making predictions. These points serve as the primary currency within the Myriad Prediction Markets, creating an incentive-driven ecosystem.

A leaderboard ranks top performers, adding a competitive element. The platform highlights market trends, allowing users to compare their predictions with collective insights.

The $MYR Token and Its Ecosystem

Managed by the Myriad Foundation, this token will be widely adopted across platforms such as Rug Radio, Myriad Markets, and Decrypt in 2025.

As part of its ecosystem expansion, $RUG token holders (linked to Rug Radio Genesis NFTs) will receive 25.5% of the total $MYR supply during the upcoming Token Generation Event (TGE).

Challenges and the Future of Decentralized Prediction Markets

While decentralized prediction markets offer many advantages (greater transparency, lower fees, and global accessibility) they also face regulatory challenges.

Regulators, particularly in the U.S. through the Commodity Futures Trading Commission (CFTC), closely monitor these platforms to ensure compliance with gambling and financial market laws.

For example, in 2022, Polymarket was fined $1.4 million for operating without proper registration. These legal issues remain an obstacle to mainstream adoption. However, traditional media outlets are increasingly covering prediction markets, suggesting they could soon become a trusted tool for forecasting major events.

Claim Your Myriad Master Badge on Abstract

The Myriad Master badge is now available on Abstract, rewarding users who contribute to the prediction ecosystem.

To claim your Myriad Master badge and earn ABS XP, simply head over to abs.xyz/rewards and have any amount of money in a market on Myriad. This badge not only recognizes your participation but also strengthens your presence in the AbstractChain community.

Ready to make your first prediction?

Myriad Markets is available via web browser, mobile app, and Chrome extension.

Visit Myriad Markets and follow @MyriadMarkets on X to stay updated on the latest trends.