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Critics grumble as YieldWars uses AP election call as an oracle

Published 11/07/2020, 02:24 PM
Updated 11/08/2020, 04:20 PM
Critics grumble as YieldWars uses AP election call as an oracle
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Following the Associated Press’ call earlier today that President-elect Joe Biden had won victory over incumbent Donald Trump in the U.S. presidential race, the 174 year-old organization -- which has been covering elections since 1848 -- subsequently published their call on the Ethereum and EOS blockchains, triggering at least one prediction market outcome.

However, some have expressed skepticism about the validity of using such a call as an oracle, raising broader questions about certainty and determinism in smart contract-based prediction markets.

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