Rain

Rain is a decentralized protocol running on the Arbitrum network that lets users create and trade prediction markets on a range of topics, from global events to community-specific subjects. Markets can be set up as public or private without requiring central approval. DefiLlama tracks the protocol in its prediction market category; the application is available at rain.one.

While trades in the markets are made with stablecoins, the RAIN token, according to project descriptions, is the native asset used in the conditions for creating markets and trading; a model has been defined in which part of the fees taken from trading volume is used to buy back and burn RAIN. To settle outcomes, public markets use an oracle that combines data from multiple AI agents; in case of a dispute, the process can be moved to a decision mechanism with human participation. RAIN is a token on Arbitrum that conforms to the Ethereum token standard.

The legal status of prediction markets varies by country. The price shown for RAIN on Lzzo.com is DefiLlama's dollar reference and is published for information only.