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San Francisco based decentralized prediction market platform focusing on Chinese market Bodhi has raised $10m in token presale ahead of its upcoming ICO in September. The platform allows users to create and trade on the outcome of finance, sports, politics, and any other global events.
Prediction Markets allow users to tap into the wisdom of the crowd to ask any question or predict the result of any event and be rewarded from the results. The conventional prediction markets depend on a centralized Oracle, or data provider, to set the result and charge a large amount of fees. Bodhi, which is an open-source platform based on the blockchain and smart contracts technology, provides a decentralized alternative to traditionally broker-mediated markets for Chinese investors, who have ever-growing enthusiasm in the future of cryptocurrency and blockchain since the invention of bitcoin.
http://www.businesswire.com/news/home/20170822005318/en/Bodhi-Raised-10M-ICO-Launch
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