Decentralized Prediction Markets are platforms that allow users to bet on the outcomes of future events using blockchain technology. Unlike traditional prediction markets, these platforms operate without a central authority, enabling participants to trade shares based on their predictions. This decentralized approach enhances transparency and reduces the risk of manipulation. Participants can create and trade markets on various topics, such as sports, politics, or financial events. By aggregating diverse opinions, decentralized prediction markets aim to provide accurate forecasts, as the collective wisdom of the crowd often leads to better predictions than individual guesses.