Prediction Market Integration

Definition ∞ Prediction market integration involves connecting prediction market platforms with other decentralized applications or financial systems. This allows the outcomes and data generated by prediction markets to be utilized as inputs for smart contracts or other protocols. It extends the utility of crowd-sourced forecasts beyond simple betting to power more complex decentralized applications.
Context ∞ Prediction market integration is an area of active development, aiming to leverage the collective intelligence of these markets for various decentralized applications. The data from resolved predictions can serve as reliable oracles for smart contracts, enabling new forms of insurance, governance, or automated financial products. The challenge remains in ensuring the security and accuracy of these integrated data feeds.