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Gnosis is an Ethereum blockchain-based platform, founded in 2015, that aims to build an infrastructure enabling market prediction. Its core function is to provide a decentralized framework where users can bet on the outcome of future events, ranging from market movements to global events, through the use of prediction markets.
The mechanism relies on Ethereum smart contracts to create and manage the prediction markets, where participants buy tokens representing a possible outcome, and those who predict correctly earn rewards based on the actual outcome.