#Definition
An Opinion Market is a prediction market where the outcome is determined by subjective evaluation, personal judgment, or opinion polls rather than objective, verifiable facts. These markets are controversial because resolution can be disputed and may depend on the market creator's or a designated judge's subjective assessment.
#Examples
- "Will this be a good movie?" (subjective quality judgment)
- "Is this the best album of the year?" (opinion-based)
- "Will this policy be considered successful?" (subjective evaluation)
#Challenges
Opinion markets face issues with:
- Resolution ambiguity
- Dispute frequency
- Lower liquidity (uncertainty about fair resolution)
- Trust requirements
Some platforms prohibit opinion markets entirely, requiring objective resolution criteria.
Full article coming soon.