In predictions we trust, in Bitcoin we settlechromaticmarkets.com
651 sats \ 5 comments \ @chromaticmrkts 22 Jul BitcoinPredictionMarket freebie
Prediction markets are powerful tools for forecasting future events. We believe it's time to build one that settles in bitcoin. Just in time for the Bitcoin conference in Nashville this week, we've launched Chromatic Markets.
Our platform allows users to bet and receive payouts in bitcoin, using the Lightning Network. Bets and payouts are in bitcoin. The unit of account is USD and it's converted to sats when setting/settling a bet.
For example, if you buy a "YES" token at $0.65 (975 sats at 66,674 USD/BTC) and the market resolves to "YES," you'll receive $1 worth of sats at the rate of the resolving date.
Currently, an email is required for payouts. We plan to add support for LN invoices, LNURL withdrawals, and Lightning addresses soon. We're also working on expanding our market offerings.
Check us out and have fun predicting the future with bitcoin, feel free to follow us https://x.com/chromaticmrkts
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0 sats \ 1 reply \ @bitgould 22 Jul
But how does it work and how do I know I'm not sending sats into a black hole?
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21 sats \ 0 replies \ @chromaticmrkts OP 22 Jul
Good question! By now it works in the same way than LNMarkets you send your sats, trade and get sats back.
That's basically why there is an email attached to the bet so you can later on update the payout method for that bet (LURL Withdraw, LNAddress, etc...)
There is a lot to be build and we are pretty excited about DLCs but most of bitcoiners we talked to asked for something NOW why we keep building.
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0 sats \ 2 replies \ @fm 22 Jul
yeah, after fucking the fiat market what we need now is to fuck up bitcoin with futures gambling
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100 sats \ 0 replies \ @chromaticmrkts OP 22 Jul
https://m.stacker.news/41054
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0 sats \ 0 replies \ @creativityisoverrated 23 Jul
That’s the free market after all.
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