Right now, prediction markets need humans to spot interesting things to bet on
and set everything up manually. With Ritual, you can easily build systems that
automatically spot hot topics, create markets for them, and even manage
bootstrapping the initial liquidity.
Market creation in current prediction platforms suffers from significant
centralization and manual bottlenecks. The reliance on manual processes for
market creation and curation severely limits the diversity of available
markets and results in sluggish responses to emerging opportunities. This
centralized approach creates a bottleneck that prevents the platform from
scaling effectively and capturing the full spectrum of potential market
opportunities.Liquidity provisioning presents a persistent challenge, particularly in newly
created markets. These platforms face a classic chicken-and-egg problem where
new markets struggle to attract sufficient trading volume due to limited
initial liquidity, while market makers remain hesitant to participate without
established trading activity. This creates a negative feedback loop that can
prevent promising markets from gaining traction and reaching their full
potential.User engagement is hampered by high barriers to entry and limited customization
options. The platforms often require significant expertise to navigate
effectively, while the need for manual position management creates additional
friction for users. The lack of personalization features means that traders
cannot easily tailor their experience to their specific needs and preferences,
limiting both participation and trading effectiveness.