What are Challenge Pools?
Last updated
Last updated
Predict the future and get rewarded on Soccersm using the Challenge Pools! A Challenge Pool is a p2p decentralized prediction pool that allows strangers to stake against each other on the outcome of real-world future events. These events range from future crypto asset prices to sports predictions, politics, and more.
Each party must commit a stake to the pool to back their predicted outcome.
In Soccersm the amount to commit is fixed and determined by the party that initializes the pool.
When the pool matures, that is, after the actual outcome of the predicted event is determined, the pool will automatically determine the winners and losers based on their pre-selected predictions of the result of the event in question.
Since all this is handled on the blockchain by a smart contract, it is a truly decentralized, trustless, and non-censoring approach to making predictions.