Myriad: What Is a Crypto Prediction Market?

1. What Is a Prediction Market?

A Prediction Market is a platform where users can bet on the outcome of future events — from presidential elections and weather patterns to population growth rates or sports matches.

Each “share” represents a possible outcome and is priced between $0 and $1, reflecting the market’s perceived probability. When the event concludes, the correct outcome is priced at $1, while all others drop to $0.

Example: If a share for Candidate A is priced at $0.65, it means the market believes they have a 65% chance of winning.

2. Common Types of Prediction Markets

•  - Binary: Two possible outcomes (Yes/No) - E.g.: “Will Bitcoin surpass $100K this year?”

•  - Categorical: Multiple choices - E.g.: “Who will win the 2028 presidential election?”

•  - Scalar: Range-based predictions - E.g.: “Will ETH be above or below $3,000 by the end of Q3?”

3. What Is Myriad? How On-Chain Prediction Markets Work

Myriad is a decentralized prediction market platform, developed by DASTAN — the parent company of Decrypt and Rug Radio.

Key Features:

•  - Utilizes AMM (Automated Market Maker) instead of an order book → Ensures better liquidity and allows anyone to provide it

•  - Users can buy and sell shares at any time, without waiting for event resolution

•  - Market prices adjust dynamically based on supply-demand using algorithmic formulas

•  - Events are verified through decentralized oracles, minimizing fraud risk

4. Why Are Platforms Like Myriad Gaining Attention?

•  - Transparency & Fairness: No intermediaries, harder to manipulate

•  - Content Integration: Myriad connects with media outlets like Decrypt and Rug Radio, turning readers into participants — stay informed while engaging in predictions

•  - More Freedom & Anonymity: Uses crypto for transactions, no complicated KYC like traditional platforms

• Lower Costs: No middlemen like brokers or bookmakers

5. Legal Challenges and Future Outlook

While platforms like Polymarket have faced investigations from the CFTC and DOJ, the U.S. government has recently concluded inquiries, paving the way for prediction markets to re-enter mainstream adoption.

Myriad aims to redefine journalism and news engagement, transforming passive consumption into active participation — enabling people to engage, predict, and earn through real-time events.

6. Conclusion: Prediction Markets — Where News Meets Profit

Myriad and other on-chain prediction markets are not just speculative tools. They serve as mechanisms for society to seek truth through market incentives. You're not just reading the news — you're voting for what you believe is true.