Polymarket uses a decentralized model where the collective knowledge of the users determines the accuracy of the predictions. Smart contracts ensure that outcomes are resolved based on factual data, reducing the risk of manipulation.

The legal status of Polymarket varies by region, with some areas treating it as a form of betting or gambling. Users should familiarize themselves with local regulations before participating.

Transparency ensures that all transactions and outcomes are verifiable, which promotes trust among participants and guarantees fairness in the system.

Yes, prediction platforms can be valuable tools for business forecasting. By using real-world predictions made by diverse participants, businesses can gain insights into market trends, consumer behavior, and future developments.