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Truemarkets
Truemarkets is a decentralized prediction market platform where users can trade on the outcomes of future events across various categories such as politics, crypto, sports, and entertainment. It utilizes open-source smart contracts on public blockchains for transactions involving digital assets, with users interacting via a web interface and their own self-custodial wallets. The company behind the interface is Walking Wisdom International CO., Ltd.
Distributed
Description
Truemarkets is a decentralized prediction market platform that allows users to speculate on the outcomes of real-world events. The platform operates on a web3 infrastructure, enabling users to trade on a wide range of markets including politics, cryptocurrency, sports, entertainment, finance, and technology. Each market is presented as a question with binary outcomes (e.g., Yes/No), and users can buy or sell shares in these outcomes. The platform displays key metrics for each market, such as the Total Value Locked (TVL), indicating the amount of capital staked on that particular prediction. Truemarkets provides a website-hosted user interface for a service involving open-source, self-executing smart contracts deployed on permissionless public blockchains like Ethereum. The service facilitates transactions with Digital Assets, requiring users to utilize third-party self-custodial wallets. The platform emphasizes that users are solely responsible for their transactions, which are irreversible and final. The company, Walking Wisdom International CO., Ltd., explicitly states it does not offer its services to residents of several restricted territories, including the USA, and prohibits the use of VPNs to circumvent these restrictions. The service is provided 'AS IS' without warranties and is not intended as professional or financial advice.Grant Funding
VC Funding
None
2024
$0
$3.7M