Blockchain Based Prediction Markets

Patrick Buckley

Blockchain Based Prediction Markets

University of Limerick

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Prediction markets are a form of collective intelligence that leverage market mechanisms to incentivise large numbers of individuals to make forecasts about future uncertain events. Since their origin in the 1980's, they have been the subject of a small but steady stream of academic research. Proponents suggest that they have several advantages over comparable information aggregation mechanisms such as polls or expert groups. More recently the rise of blockchain, cryptocurrencies and decentralised finance (DeFi) has excited new interest in prediction markets. The characteristics of this triad of technologies has particular resonances with prediction markets. This research identifies the potential impact of blockchain technology on prediction market design and performance with a view to informing a research agenda to investigate those potential impacts.

Original language	English
Title of host publication	28th Americas Conference on Information Systems, AMCIS 2022
Publisher	Association for Information Systems
ISBN (Electronic)	9781958200001
Publication status	Published - 2022
Externally published	Yes
Event	28th Americas Conference on Information Systems, AMCIS 2022 - Minneapolis, United States Duration: 10 Aug 2022 → 14 Aug 2022

Publication series

Name	28th Americas Conference on Information Systems, AMCIS 2022

Conference

Conference	28th Americas Conference on Information Systems, AMCIS 2022
Country/Territory	United States
City	Minneapolis
Period	10/08/22 → 14/08/22

Keywords

Blockchain
Decentralised Finance
Group Decision Making
Prediction Markets

Cite this

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title = "Blockchain Based Prediction Markets",

abstract = "Prediction markets are a form of collective intelligence that leverage market mechanisms to incentivise large numbers of individuals to make forecasts about future uncertain events. Since their origin in the 1980's, they have been the subject of a small but steady stream of academic research. Proponents suggest that they have several advantages over comparable information aggregation mechanisms such as polls or expert groups. More recently the rise of blockchain, cryptocurrencies and decentralised finance (DeFi) has excited new interest in prediction markets. The characteristics of this triad of technologies has particular resonances with prediction markets. This research identifies the potential impact of blockchain technology on prediction market design and performance with a view to informing a research agenda to investigate those potential impacts.",

keywords = "Blockchain, Decentralised Finance, Group Decision Making, Prediction Markets",

author = "Patrick Buckley",

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year = "2022",

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series = "28th Americas Conference on Information Systems, AMCIS 2022",

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AB - Prediction markets are a form of collective intelligence that leverage market mechanisms to incentivise large numbers of individuals to make forecasts about future uncertain events. Since their origin in the 1980's, they have been the subject of a small but steady stream of academic research. Proponents suggest that they have several advantages over comparable information aggregation mechanisms such as polls or expert groups. More recently the rise of blockchain, cryptocurrencies and decentralised finance (DeFi) has excited new interest in prediction markets. The characteristics of this triad of technologies has particular resonances with prediction markets. This research identifies the potential impact of blockchain technology on prediction market design and performance with a view to informing a research agenda to investigate those potential impacts.

KW - Blockchain

KW - Decentralised Finance

KW - Group Decision Making

KW - Prediction Markets

UR - http://www.scopus.com/inward/record.url?scp=85192552688&partnerID=8YFLogxK

M3 - Conference contribution

AN - SCOPUS:85192552688

T3 - 28th Americas Conference on Information Systems, AMCIS 2022

BT - 28th Americas Conference on Information Systems, AMCIS 2022

PB - Association for Information Systems

T2 - 28th Americas Conference on Information Systems, AMCIS 2022

Y2 - 10 August 2022 through 14 August 2022

ER -

Blockchain Based Prediction Markets

Abstract

Publication series

Conference

Keywords

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