What are Prediction Markets? An Analysis of the Operating Principles of Polymarket, Kalshi, and Myriad [Plain Language Introduction] Prediction markets have become "truth machines" for predicting the future. This article provides an in-depth analysis of the operating mechanisms of Polymarket, Kalshi, and Myriad: by personifying event probabilities into $0-$1 trading shares, they achieve real-time pricing based on collective wisdom. From off-chain compliance and regulation to on-chain AMM algorithm-driven models, this "information finance" sector is reshaping the media and decision-making ecosystem. In 2026, with its surge in trading volume, see how prediction markets bridge the boundaries between game theory and truth. For details, please see: hellobtc.com/kp/du/02/6230.htm...…