Philip Krause I Beginner's Track, Prediction Markets I ETHGlobal Prague 2025

Thu, Oct 2, 2025, 12:00 AM

Philip Krause explores prediction markets in this ETHGlobal Prague 2025 workshop, covering their role as decentralized forecasting tools for elections, sports, and more. Learn how binary markets (yes/no shares) work, the importance of liquidity pools and oracles, and see a live demo of an on-chain prediction market built with Scaffold-ETH. Discover how AI agents could revolutionize forecasting and tackle challenges like incentive alignment for niche markets. Perfect for developers interested in DeFi, decentralized governance, and futuristic applications of blockchain technology. 00:00 - Introduction to Prediction Markets & Real-World Use Cases 00:43 - How Binary Markets Work: Yes/No Shares & $1 Rule 02:22 - Key Components: Tokens (ERC20/1155) & Trading Mechanisms 04:20 - Order Books vs. AMMs for Prediction Market Liquidity 05:41 - Oracle Challenges: Bringing Real-World Data On-Chain 07:37 - Scaffold-ETH Demo: Setting Up a Prediction Market 09:44 - Roles: Users, Liquidity Providers & Oracles 10:53 - Liquidity Pools: Minting Tokens & Starting Probabilities 13:16 - Dynamic Probability Adjustments & Locked Tokens 15:28 - Monetization Models: Fees, Incentives & Revenue Pools 17:23 - Live Trading Demo: Buying/Selling Shares 19:18 - Reporting Outcomes & Resolving Markets 21:22 - Advanced Concepts: Conditional Tokens & Multi-Outcome Markets 22:29 - AI Agents & the Future of Decentralized Forecasting 25:11 - Q&A: Legal Considerations & Stock Market Integration _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇨🇿 *ETHGlobal Prague* This workshop is specifically for ETHGlobal Prague, a 3-day hackathon held May 30 - June 1 2025, bringing together the most skilled web3 developers, designers and product builders from all around the globe for a weekend-long adventure to advance the Ethereum ecosystem! Watch the full ETHGlobal Prague 2025 playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh5Vv-ZobDU2YMWekDFYvOqd&si=SoQ5O2TOAK8RkYf- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow Buidl Guidl* Website: https://buidlguidl.com/ ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _