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Predictive Market Panorama: Four Layers of Ecosystem, Clarifying the Concept of Prediction Markets
【Plain Language Guide】The prediction market sector is accelerating in evolution. This article provides the first comprehensive overview for the Chinese-speaking community, divided into four tiers: "Practical Pool / Equipment Layer / Regulatory Track / Academic Roots."
Tier 1 explains builder tools like Polymarket, Hyperliquid HIP-4, 2 dissecting functionSPACE, Elastics, etc.; Tier 3 compares the real scale of compliant giants in the U.S. like Kalshi; Tier 4 traces the theoretical and historical origins such as LMSR, PredictIt.
After reading, you'll gain a list of usable platforms, tool trends, and core theses to help you quickly develop a systematic understanding.
For details, please see: