Prediction market tokens: prices and market cap

A prediction market trades contracts whose payout depends on a future event. In the simplest form, a contract pays a fixed amount if the event happens and nothing if it does not, so its price reflects how likely the market thinks the event is. On-chain prediction markets usually issue Yes and No shares that settle at 1 or 0 in a stablecoin, with an oracle or a reporting process deciding the outcome.

It depends on the project. Limitless (LMTS) is the token of a prediction-market exchange on Base, used for staking rewards and fee discounts. Numeraire (NMR) is used in the Numerai data-science tournament: participants can stake NMR on their stock-market prediction models, earning NMR for good results or losing part of their stake for poor ones. Sport.fun (FUN) powers competitions and rewards on a fantasy-sports platform. These tokens are very volatile: you can lose the full amount you invest.