Zero Counterparty Risk

Payouts are typically reliant on solvency of a single point of failure, but peer-to-peer technology (the exchange of data or information without the need for a centralized third party) removes that single point of failure (and counterparty risk) by omitting the centralized middleman. On FORE Predict, participants need not trust any centralized entity with the safety of their funds: payout is determined by smart-contracts that require no human intervention to fulfill the terms of the contract. Thus, FORE markets are always sufficiently capitalized, enabling payouts when due. Furthermore, as all transactions are recorded on the blockchain, payouts and fee structure are completely transparent.