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Introducing Predyx: The Future of Prediction Markets on Bitcoin’s Lightning Network
The world of finance and blockchain technology continues to evolve at a rapid pace, and one of the most exciting developments is the emergence of prediction markets. These platforms allow users to speculate on the outcomes of real-world events, from politics and sports to finance and technology. Enter Predyx, a cutting-edge prediction market built on Bitcoin’s Lightning Network, designed to bring speed, scalability, and accessibility to the world of forecasting.

What is Predyx?

Predyx is a prediction market platform that leverages the power of Bitcoin’s Lightning Network to enable fast, low-cost, and secure trading of event outcomes. Whether you’re a seasoned trader or a curious newcomer, Predyx offers a user-friendly interface and a seamless experience for participating in prediction markets.
By utilizing the Lightning Network, Predyx addresses some of the key challenges faced by traditional blockchain-based prediction markets, such as high transaction fees and slow confirmation times. This makes it an ideal platform for microtransactions and real-time trading, opening up new possibilities for users worldwide.

Why Prediction Markets Matter

Prediction markets are more than just a fun way to speculate on future events—they serve as powerful tools for aggregating information and forecasting outcomes. By allowing users to buy and sell shares in the likelihood of specific events, these markets create a mechanism for determining the most probable outcomes based on collective wisdom.
Prediction markets have applications in various fields, including:
  • Finance: Hedge against market volatility or predict asset prices.
  • Politics: Bet on election results or policy changes.
  • Sports: Forecast game outcomes or player performances.
  • Technology: Speculate on the success of new innovations or product launches.

The Power of Bitcoin’s Lightning Network

Bitcoin’s Lightning Network is a second-layer solution that enables instant, low-cost transactions by processing them off-chain. This technology is a game-changer for prediction markets like Predyx, as it eliminates the bottlenecks associated with on-chain transactions.
Here’s how the Lightning Network enhances Predyx:
  1. Speed: Transactions are processed in milliseconds, allowing for real-time trading.
  2. Low Fees: Microtransactions are economically viable, making it accessible to everyone.
  3. Scalability: The network can handle a high volume of transactions without congestion.
  4. Security: Built on Bitcoin’s robust blockchain, the Lightning Network ensures secure transactions.

Key Features of Predyx

Predyx is designed with the user in mind, offering a range of features to enhance the prediction market experience:
  • Intuitive Interface: Easy-to-navigate platform for both beginners and experts.
  • Global Accessibility: Open to users worldwide, with no geographic restrictions.
  • Privacy: Lightning Network transactions offer enhanced privacy compared to traditional on-chain transactions.
  • Liquidity Pools: Ensures there’s always enough liquidity for trading.
  • Create Your Own Markets: Coming soon! Soon, you’ll be able to create custom markets for any event you’re passionate about.

How to Get Started with Predyx

Getting started with Predyx is simple:
  1. Visit the platform at https://beta.predyx.com.
  2. Connect your Lightning Network-compatible wallet.
  3. Explore the available markets or stay tuned for the ability to create your own.
  4. Start trading and share your predictions with the world!

The Future of Prediction Markets

Predyx represents a significant step forward in the evolution of prediction markets. By combining the efficiency of the Lightning Network with a user-friendly platform, Predyx is poised to become a leading destination for forecasting and speculation.
As the platform continues to grow, we can expect to see new features, expanded markets, and a thriving community of users. Whether you’re looking to make informed predictions, hedge against risks, or simply explore the exciting world of finance, Predyx offers a unique and innovative opportunity.

Join the Revolution

Predyx is more than just a prediction market—it’s a glimpse into the future of how we forecast and speculate. By harnessing the power of Bitcoin’s Lightning Network, Predyx is redefining what’s possible in the world of forecasting.
Ready to dive in? Visit https://beta.predyx.com today and start exploring the future of prediction markets. The world is full of possibilities—what will you predict next?

Disclaimer: Prediction markets involve risk, and users should only participate with funds they can afford to lose. Always do your own research and trade responsibly.
I'd be on a world tour for Bitcoin Awareness starting after Holi. I'll first move around everywhere in India on a bike. I'd be talking to people about Stacker News (we need to talk indirectly), then obviously about Predyx as well. That would be pre IPL, amazing times ahead. Good Luck!
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That sounds like an incredible journey! Spreading Bitcoin awareness on a bike tour across India sounds like the perfect mix of adventure and purpose. Stacker News + Predyx = a winning combo! Looking forward to seeing the impact you make. Let me know if there’s any way I can support – maybe we can cook up something fun for IPL season too! Safe travels and good luck!
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Thanks.
Let me know if there’s any way I can support.
Yeah of course, anyway you like. You can even sponsor us once we're up with our project officially. Currently we're buying stuff required for the tour. We've already bought a bike, Royal Enfield Classic. We're now gonna buy cameras and accessories. It may be that I also put up the project on Geyser Fund. So, in short there are many ways actually.
But because, I'll create videos and it'll be a commercial expedition, I'm also thinking of joining hands with someone as investors, if we can get. Let's see, how it all turns out. I'll keep you posted.
One thing that's sure, we'll be off by March 20. We would have done it today, but it's too cold 🥶 🥶 right now.. There'll be snow everywhere waiting for us.
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I'd be on a world tour for Bitcoin Awareness
You plan on combining this with parenthood? Or do i mistakenly remember your recently became a father?
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I have the luxury of everyone from my family living together, typical Indian joint family. My parents, my wife and my brother are there to take care of the kid in my absence. So, nothing to worry. Also initially I'd ve travelling in India. Considering India is also a very big country, it'll take around 6 months to a year going everywhere inside. The first leg of the tour would be in North India, around my home which is close to the Himalayas. It'll be around 2 to 3 months. In between I'll be at home at least twice or thrice. Then also when other legs of the tour begin, I'll take short breaks in between. So, I'm hoping that everything will work out.
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When does IPL start?
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The 2025 IPL will start on March 14 with the final on May 25
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Great. Royals are winning it this year.
Some IPL games get broadcasted in Canada. I should be able to watch along.
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Let’s predict the future make some sats
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100 sats \ 1 reply \ @Skipper 2 Jan
It's fun, but the ui/ux needs a lot of work.
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Agreed! the UX sucks. We were busy developing different forms of markets and possibly releasing Set Markets in a week or two.
Once we're done with the markets, we'll resume our focus back to UI/UX. Also, we just hired our new developer, he'll be joining us on the 6th. He's main focus will be UI/UX along with PWA/Mobile App. Over 60% of our traffic is via mobile web, thus it makes sense focus on UX of mobile first. Hope within few months we're able to deliver a exceptional user experience.
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100 sats \ 1 reply \ @Shugard 2 Jan
Do I need to create an account? Or can I just join with my lightning address like I do at https://www.bitcoinprediction.market/?
Also, is there an algorithm at work that I get the odds at the time I place my bet or is it as useless as it is at https://www.bitcoinprediction.market/ where it just takes the odds for payout when the bet is closed?
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  1. Yes, you do need to create an account as we need to maintain your shares accounting etc.
  2. NO, our odds are not useless but very precise. You will know your exact payout while purchasing shares.
  3. Yes we use AMM algorithm known as LMSR (Logarithmic Market Scoring Rule). It is used to calculate accurate price for buying/selling shares.
bitcoinprediction.market is run by great people. They use parimutuel betting system. Parimutuel betting system is a fancy name for pooled betting. The drawback of parimutuel betting system is that your payout is anyone else's guess. It was invented by Joseph Oller co-founder of Moulin Rouge cabaret in 1867 and very popular in horse race betting and casinos.
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Yes love predyx, log in with Ln is a nice touch.
Someone mentioned the competitor, which I assume is bitcoin prediction market
That's quite cool aswell but UI is sleeker on the former
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100 sats \ 2 replies \ @Skipper 2 Jan
log in with Ln
i wasn't able to login with LN because i couldn't copy the string
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Noted, will add a copy option for LNURL logins.
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đź‘Ś
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As a user of the site for many months I like it. The team has worked hard to add features and thus far has done way more development than its competitor
For a few hundred sats you can have some fun making guesses. On politics, sports, the economy, and more!
But the site is still in beta so be prepared to run in to some bugs. Plus the mobile experience is just okay I wish it was better. The sign-in can be a bit clunky (for some reason the site always adds an underscore to my login name when I auto populate it with a password manager) and when entering values for bets the screen loses focus often frustrating me when entering the actual amount of shares I wish to purchase.
Overall the site has promise but I fear once they get massive volume the US government will shut this down because US men (like myself) are completely cucked by our government and we allow them to take away simple freedoms like wasting our money on betting sites.
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Thanks for appreciating our hard work.
With regards to regulations, as you may already know, we're incorporated in Delaware. In the background we've been working on being fully regulated in US. We maybe partnering with a major Wallet (can't say the name yet) for wallet mgmt and LSP as they have secured money transmitter license in US and EU. Possibly, we'll also be offering buy sats with fiat within the app. If we have to fight the battle in court just like Kalshi, we're prepared for it. Since Kalshi was able to get all the approvals from regulators, it will be easy for us.
I think once our PWA app is out for mobile access, the UX will improve drastically.
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Fantastic!!
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189 sats \ 1 reply \ @Skipper 2 Jan
This should be done with Nostr to be honest. It's the only way to not ever get shut down.
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Yes nostr is on our roadmap. First we'll start offering bets via SmartWidgets. Hopefully it makes to the NIP, please support this NIP-22: https://github.com/nostr-protocol/nips/pull/1454#issuecomment-2421668042
Regarding storing the order-book and state in nostr. Its a pain in the ass. Around 2 yrs ago, I did launch decentralized ordinals marketplace on nostr. (I'm not proud of it as ordinals turned out to be Udi's scam) I was storing and PSBT order-book on nostr to make it decentralized. As with real-time Prediction markets like Predyx, the nostr orderbook will just not scale.
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