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SUMMARY: This video features Candles (Subnet 31), a prediction market platform where miners create predictive models for crypto prices, starting with $TAO, and users can bet on outcomes using the subnet’s $ALPHA token.
The platform generates revenue through entry fees similar to DraftKings and FanDuel, with deposits converting to $ALPHA creating strong buy pressure, while stakers can earn over 150% APY.
The subnet plans to expand beyond crypto predictions into sports, politics, and global events, with community-created pools allowing users to leverage miner data to make their own predictions and earn rewards in $ALPHA.
By: Gordon Frayne
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