🗞️Oracle and Outcome Resolution

Navigating the intricacies of decentralized prediction markets presents a significant challenge, particularly in the verification of outcomes without a centralized authority. The crux of the issue lies in the absence of reliable, decentralized Oracles for every conceivable event that might be wagered upon. Our interim solution employs a hybrid model to bridge this gap until a time when comprehensive Oracle coverage is achievable.

Our strategy involves leveraging Oracles for event outcomes where such services are available and reliable. For events outside this scope, we pivot to a community-driven verification process, wherein participants in the decentralized network play a critical role in validating outcomes. Contributors to this verification mechanism are compensated for their efforts, ensuring the integrity and trustworthiness of the market while maintaining its decentralized ethos. This approach allows us to maintain operational continuity and user trust as we work towards a more Oracle-integrated future.