How Prediction Markets Are Evolving: AI, Decentralization, and Building on Rain | Roy Shaham · Deep Dive Podcast · Radar

RAIN as Prediction Market Infrastructure4:16 – 6:24

Rachel WolfsonHost

4:16

Right.

Rachel WolfsonHost

4:16

So let's talk a little bit about that, building the rails for prediction markets to grow on.

Rachel WolfsonHost

4:21

So RAIN protocol is an infrastructure layer for prediction markets.

Rachel WolfsonHost

4:25

Is that correct?

Roy ShahamGuest

4:27

Correct.

Roy ShahamGuest

4:27

Yeah.

Rachel WolfsonHost

4:28

Okay.

Rachel WolfsonHost

4:28

So what does that mean exactly? And why did you decide to go that route versus just making RAIN a prediction market?

Roy ShahamGuest

4:37

Yeah, so it actually means that we supply the means for companies to set up their own end user products and put really an emphasis on their product and content rather than dealing with the technology and the native basic tech that you need to operate it it's pretty much all the same you have markets you have resolution you have trading so it really allows because it is a consumer product whether that consumer is you know a customer or could be like institutional it allows the operators to focus on their content and focus on the product rather than only, you know, dealing with the technology, which is it itself is an issue.

Rachel WolfsonHost

5:27

Okay.

Rachel WolfsonHost

5:28

So how many prediction markets are built on top of rain?

Roy ShahamGuest

5:34

So we have actually two versions of Rain.

Roy ShahamGuest

5:37

For the previous one, we had a couple, a few dozens, I would say.

Roy ShahamGuest

5:43

We just released the new version.

Roy ShahamGuest

5:45

It's sort of a centrally limited order book on-chain on Arbitrum that now has, I think, five major builders.

Roy ShahamGuest

5:54

We have a lot of small builders as well.

Roy ShahamGuest

5:56

And, yeah, it just started a bit more than a month ago before the World Cup actually started.

Rachel WolfsonHost

6:04

Oh, wow.

Rachel WolfsonHost

6:04

Okay.

Rachel WolfsonHost

6:05

That's interesting.

Rachel WolfsonHost

6:06

Did you do anything special for FIFA with the prediction markets?

Roy ShahamGuest

6:11

Yeah.

Roy ShahamGuest

6:11

We actually have a builder that did a lot for the World Cup and had a good time there.

Roy ShahamGuest

6:17

Yeah.

Roy ShahamGuest

6:18

But, yeah, the basis is that it allows to do a lot on top of it.

RAIN as Prediction Market Infrastructure4:16 – 6:24

Rachel WolfsonHost

4:16

Right.

Rachel WolfsonHost

4:16

So let's talk a little bit about that, building the rails for prediction markets to grow on.

Rachel WolfsonHost

4:21

So RAIN protocol is an infrastructure layer for prediction markets.

Rachel WolfsonHost

4:25

Is that correct?

Roy ShahamGuest

4:27

Correct.

Roy ShahamGuest

4:27

Yeah.

Rachel WolfsonHost

4:28

Okay.

Rachel WolfsonHost

4:28

So what does that mean exactly? And why did you decide to go that route versus just making RAIN a prediction market?

Roy ShahamGuest

4:37

Yeah, so it actually means that we supply the means for companies to set up their own end user products and put really an emphasis on their product and content rather than dealing with the technology and the native basic tech that you need to operate it it's pretty much all the same you have markets you have resolution you have trading so it really allows because it is a consumer product whether that consumer is you know a customer or could be like institutional it allows the operators to focus on their content and focus on the product rather than only, you know, dealing with the technology, which is it itself is an issue.

Rachel WolfsonHost

5:27

Okay.

Rachel WolfsonHost

5:28

So how many prediction markets are built on top of rain?

Roy ShahamGuest

5:34

So we have actually two versions of Rain.

Roy ShahamGuest

5:37

For the previous one, we had a couple, a few dozens, I would say.

Roy ShahamGuest

5:43

We just released the new version.

Roy ShahamGuest

5:45

It's sort of a centrally limited order book on-chain on Arbitrum that now has, I think, five major builders.

Roy ShahamGuest

5:54

We have a lot of small builders as well.

Roy ShahamGuest

5:56

And, yeah, it just started a bit more than a month ago before the World Cup actually started.

Rachel WolfsonHost

6:04

Oh, wow.

Rachel WolfsonHost

6:04

Okay.

Rachel WolfsonHost

6:05

That's interesting.

Rachel WolfsonHost

6:06

Did you do anything special for FIFA with the prediction markets?

Roy ShahamGuest

6:11

Yeah.

Roy ShahamGuest

6:11

We actually have a builder that did a lot for the World Cup and had a good time there.

Roy ShahamGuest

6:17

Yeah.

Roy ShahamGuest

6:18

But, yeah, the basis is that it allows to do a lot on top of it.