Betting markets are platforms where individuals can place wagers on the outcomes of various events, such as sports games, political elections, or entertainment awards. These markets operate on the principle of supply and demand, where odds are adjusted based on the amount of money bet on each outcome. Participants can either bet on a specific outcome or trade shares in the event's results, similar to stock trading. Popular examples of betting markets include sportsbooks, prediction markets, and online betting exchanges. These markets provide a way for people to engage with events while potentially earning money based on their predictions.