# Prediction Markets 101

Prediction markets are smart contract–based mechanisms that enable participants to speculate on the outcome of future events by buying and selling shares tied to specific results. On CalledIt, each market is deployed entirely on-chain and governed by transparent code. Participation is open to any wallet that meets the platform’s supported standards.

At launch, most markets will focus on virtual sports simulations featuring AI-driven athletes. These matches are frequent, autonomous, and resolve quickly, offering a constant stream of betting opportunities without relying on real-world event schedules. Future updates will expand market types to include more granular event outcomes such as “Who will win the first round?” or “Will the game go into overtime?”

Unlike traditional sportsbooks, CalledIt does not set odds or control user funds. The platform serves as a neutral interface to a decentralized prediction market protocol, where prices are determined algorithmically and users interact directly with the system via smart contracts.

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