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Overview

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.

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Traditional System Failures

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.

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Ritual Solutions

Ritual is uniquely positioned to solve many of these issues: