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I don’t think anyone has solved how to scale without running into oracle problems.
Decentralization and reputation can help but if users are allowed to create markets there will always be problems with poor specification.
I agree however...
If users are allowed to create markets...that's great feature.
But they shouldn't be allowed to resolve the markets without a layered set of foolproof verification system.
Also, there should be a system to review new markets which I think PREDYX is doing quite well atm. I'm not sure how they will manage once hundreds of daily user created markets will hit their app. But right now things seem sorted and I'm happy user.
Yeah, they might be able to manage it just by requiring outcome options like “other”
I don't get this.
Are you complaining about something?
There are a few markets that have poorly specified outcomes.
Either the description is ambiguous, the options are not mutually exclusive, or there are missing options.
User created markets is an awesome feature but it either has to be entirely buyer-beware or they’ll need to put more guardrails on the creation process.
Ah, I see. Yes, there are a few.
I think PREDYX is trying to manage this as well. The recent addition of 'validation' before a market is allowed is one such thing .. but yeah I agree @Team_Predyx should look into it to make experience better.
Probably PREDYX should apply human guardrails those keep an eye on new markets.
I also remember PREDYX was so humble to pay users for the loss, however they were very negligible amounts.
While Polymarket is looting its users.
That's a good move. At least when there's no other solution, it's better to take matters in custody.
PREDYX did the right thing. And after that there was no occurence of Bad resolution.
Polymarket can do the same but their ORACLE and Smart Contract is rigid and does not allow an instant decision making on structural level. This is not one instance but there are many where users complain and keep complaining about bad resolution on Polymarket.
They both have so bad rating there on trustpilot and mostly because users have had bad experience about wrong resolution.