A financial instrument which is derived from, or is written on, some other asset is known as a derivative and is traded on a derivatives market. The asset on which the derivative is written can be a commodity or a financial asset. While trading in...

Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event (e.g., will the next US president be a Republican) or parameter (e.g., total sales next...