Sports Illustrated” is partnering with the British media company “Galactic” to introduce an innovative forecasting marketplace system. Toncoin (TON) Value Forecast for March 26th
Here’s the breakdown: you acquire stocks in a forecast. If your forecast is incorrect, your stocks lose all value. However, if you are correct, their worth increases.
These marketplaces utilize blockchain technology to ensure open and honest wagering. Rather than wagering against a bookmaker, users exchange stocks in event results, similar to the stock exchange.
Galactic’s Chief Executive Officer, Stuart Stott, informed Bloomberg that sports journalism is no longer a one-way communication channel. Enthusiasts desire involvement and to have their perspectives acknowledged.
Unlike conventional sportsbooks that concentrate on match scores, SI Predict will provide marketplaces for aspects such as venue attendance, intermission show specifics, and other occurrences not based on scores.
According to Bloomberg, SI Predict will function in a manner akin to platforms like Polymarket and Kalshi, employing blockchain-based derivative agreements for users to wager on upcoming occurrences.
The system, known as SI Predict, enables users to wager on sports-related happenings without placing bets on the actual match conclusion.
This introduction occurs as decentralized forecasting marketplaces gain momentum. Since the US Supreme Court overturned the federal prohibition on sports wagering in 2018, businesses such as DraftKings and FanDuel have been dominating the online gaming sphere. Nevertheless, blockchain platforms such as Polymarket are attracting interest by facilitating wagers on a broader spectrum of real-world happenings. SI Predict will be accessible internationally and will adhere to regulations from the UK’s Financial Conduct Authority and the US Commodity Futures Trading Commission. As a non-custodial system, it will not necessitate conventional gambling permits.
As per Bloomberg’s report, SI Predict is scheduled to come out in the second quarter of 2025. Prepare yourself! TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
