Introduction to Chaubet
How Chaubet works
Target Audience
Technical Info
Protocol fees
References
Prediction markets are platforms where participants trade shares that represent the probability of future events. By tapping into collective intelligence, these markets turn informed opinions into real-time price signals. From politics and movies to business, technology, crypto, and cultural moments prediction markets enable data-driven speculation across a wide spectrum of topics.
Users place their predictions on future events based on thorough research. This is not a game of luck, but a game of pure hard work and deep analysis.
Chaubet is a decentralized prediction market built on Solana and based on LMSR (Logarithmic Market Scoring Rule). It allows you to place predictions on active markets more specifically Indian markets, and if your prediction is correct (as resolved by Grok AI), you earn rewards based on the no.of winning shares you have(SOL per winning shares).
Lets understand Chaubet by taking Market Lifecycle as our POV.