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beliefs.html
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<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8" />
<meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
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<meta name="viewport" content="width=device-width, initial-scale=1.0" />
<meta name="format-detection" content="telephone=no" />
<meta
name="description"
content="A Prediction Markets protocol built on Polkadot. With the world’s leading forecasting minds, we’re building the best prediction markets app available."
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<title>Zeitgeist: Decentralized Prediction Markets</title>
</head>
<body>
<div class="body-inner">
<header class="headerMain headerMain-beliefs container-fluid">
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>Our Beliefs</a
>
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<header class="headerPage">
<div class="headerPage__name">Our Beliefs</div>
<h1 class="headerPage__title">
The Zeitgeist <br />
philosophy
</h1>
<p class="headerPage__intro">
At Zeitgeist, we believe truth is the ally of progress.
</p>
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<div class="section__text section__text_allWidth">
<p>
The world is saturated with information. But with this
fortune comes a dilemma: It’s hard to know which information
is true. Whether we like it or not, all information is
created by individuals, and individuals are inherently
biased. But short of a crystal ball, how does one make
decisions informed not by ego but by truth?
</p>
<p>
The answer lies in data. Time and again, data has proven
there is wisdom in crowds— that the many are smarter than
the few, and can more precisely predict true outcomes. When
a crowd is incentivized to share their predictions by
betting on what they think will happen (not what they want
to happen), bias is eliminated, and the truth follows. This
method of trading, where people bet on outcomes, is called
prediction markets.
</p>
<p>
At Zeitgeist, we use prediction markets to employ a
governance model called futarchy, where participants bet on
the success of proposed decisions, then the winning
decisions are implemented. Unlike traditional governance
structures where votes don’t always directly influence
outcomes, futarchy ensures that when a decision is deemed
likely to succeed, it’s put into practice — without the
influence of bias.
</p>
<p>
Zeitgeist gives people <strong>“skin in the game”</strong> —
a vested interest in the outcome of a decision. Because they
don’t just stand to profit from betting on the truth… they
stand to build a better, more equitable society because of
it.
</p>
</div>
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