What are the top decentralized crypto prediction market protocols for 2022?

There are a lot of protocols used for prediction markets, but most of them are not reliable. If you want to use a decentralized prediction market that's reliable, I'd recommend choosing from one of the following:

• Augur
• Gnosis
• Delphy

Just remember that prediction market protocols aren't always correct. Even though they calculate all probabilities of an event's outcome, it's highly recommended to still do your own research.

Prediction market protocols are exchange-based markets designed to trade the outcome of various events. Essentially, the market prices show what the crowd thinks the probability of the event is. These are the top five prediction market protocols you should consider:

Augur – a decentralized oracle and peer-to-peer (P2P) protocol for prediction markets built on the Ethereum blockchain. Augur is famous for user-generated markets and low fees.

TotemFi – a staking-based prediction market protocol with a lot of potentials. It’s well known for non-punitive predictions, Bitcoin rewards, and collective rewards.

Gnosis – an open platform for creating prediction market apps on the Ethereum network. Gnosis provides smart contract implementations of two automated market makers for prediction markets: the logarithmic scoring rule (LMSR) market maker and the constant product market maker (CPMM).

Omen.eth – it leverages the Gnosis conditional token framework to give users the ability to create a prediction market in crypto, sports, politics, entertainment, etc. Omen brings liquidity, modularity, and permissionless interoperability to prediction markets.

Polymarket – Polymarket is an information prediction market where you can bet on highly-contested topics and earn for predicting the right choices. Its key features include fiat-backed trades, a simple user interface, and a seamless resolution process.