Cover Story: The Rise of Prediction Markets
| Word | POS | IPA | Definition | Example |
|---|---|---|---|---|
| prediction | n. | /prɪˈdɪk.ʃən/ | A statement about what will happen in the future 預測，預言 |
"Prediction markets allow people to bet on future events." |
| market | n. | /ˈmɑː.kɪt/ | A system for buying and selling goods or services 市場 |
"Prediction markets are reshaping how we verify reality." |
| bet | v./n. | /bet/ | To risk money on an uncertain outcome 下注，賭博 |
"Kalshi lets users bet on political outcomes." |
| contract | n. | /ˈkɒn.trækt/ | A formal agreement with legal force 合約，契約 |
"Each contract pays $1 if the event occurs." |
| outcome | n. | /ˈaʊt.kʌm/ | The result or consequence of an action 結果，成果 |
"Traders speculate on election outcomes." |
| speculate | v. | /ˈspek.jə.leɪt/ | To invest in risky ventures hoping for profit 投機， speculate |
"Investors speculate on future events." |
| probability | n. | /ˌprɒb.əˈbɪl.ɪ.ti/ | The likelihood of something happening 概率，可能性 |
"Market prices reflect the probability of an event." |
| regulate | v. | /ˈreɡ.jə.leɪt/ | To control by rules or laws 監管，規管 |
"The CFTC regulates prediction markets in the US." |
| incentive | n. | /ɪnˈsen.tɪv/ | Something that motivates action 激勵，誘因 |
"Financial incentives drive accurate predictions." |
| accuracy | n. | /ˈæk.jər.ə.si/ | The quality of being correct or precise 準確性 |
"Prediction markets improve forecast accuracy." |
Choose the correct answer for each question.