Financial, Sport & News
Gnosis enables you to make predictions on all kinds of events. Everyone can vote by buying and selling shares of different outcomes thus creating a platform for crowdsourced information.
Gnosis is building the software to run a prediction market in a decentralized manner. Gnosis is not operating the software, instead the software runs directly on the decentralized Ethereum network. This way anyone can participate despite possible restrictions.
Gnosis software lets you make different types of predictions. "Who will be the next president of the United States?" is a multi-outcome-prediction. Another kind of predictions are numeric-predictions. "What is the price of resource X end 2015?" is a numeric-prediction. Shares can be bought for any number/price in a given range. Everyone participating in the Ethereum-network can buy shares of different outcomes. The price of the shares provides the likelihood of different outcomes.
Gnosis enables you to combine arbitrary predictions to form new and more complex predictions. For example one can create a prediction to gain knowledge about how likely the event "Democratic party wins in 2016 if Hillary Clinton becomes the Democratic candidate" is.