Data Structures and Algorithms

Predictsol: A Prediction Tokenizer for the Solana Network

Authors: Lukas Saul, Robert Gludo, Jonathan Gludo
Comments: 4 Pages.

Predictsol demonstrates an architecture for a new generation of decentralized prediction markets which are transparent and modular. For the first time we separate the tokenization and associated redemption tasks of a prediction market into their own smart contract: the prediction tokenizer. A tokenizer contract offers the ability to create "events" such that outcomes are represented by tokens. These tokens are minted by participants in exchange for deposit, and the contract allows any users to redeem these tokens as necessary before and after an event is finalized. This allows the trading and transfer of the event's outcome tokens to occur transparently and without conflict of interest on other platforms, while issuance and redemption remain public, auditable, and permissionless allowing a new level of security and transparency. In this document we describe the motivation and architecture of the Predictsol smart contract.
Category: Data Structures and Algorithms