Its operation principle is very similar to the stock market. In both markets there are trading stocks, each one of them with different prices. Traders have their expected valuations for securities, and in accordance they buy and sell these securities through the market platform. Concurrently, the expected valuation will change with the occurrence of various events K, causing the securities’ price to change over time.
The BCG prediction market will allow participants to invest information during their free time to predict the outcome and the corresponding probability for future events by using blockchain decentralization and smart contract technology. This information can aggregate to form a powerful predictive force that facilitates the sharing of collective intelligence around the world. We believe that the BCG prediction market will bring huge reforms to the finance, information, agriculture, sports, insurance, security and lottery industries in the future.