Rain Review: What to Know Before Using Its Markets
Rain is a prediction-market protocol on Arbitrum where users can create and trade markets. Fees, licensing and KYC requirements are unclear, so there isn’t enough to assess it as a place to put funds.
By the SkyBitcoins review team · Updated
At a glance
Rain key facts
| Type | Prediction-market protocol |
|---|---|
| Network | Arbitrum |
| Token | RAIN |
| Licence | Not stated |
| Value locked | $9.99M−9.4% 7d |
| Audits | 2 audits listed |
| KYC | Not stated |
| Updated |
Rain FAQs
What is Rain?
Rain is a prediction-market protocol on Arbitrum. Its homepage describes a service for creating and trading markets on different topics.
What does it cost to use Rain?
Rain’s fees are not published in the project details, so you can’t estimate the cost of creating or trading markets from them. Check the terms and transaction costs shown in the app before committing funds.
Is Rain safe and legal to use?
Rain’s licence is not stated, and its KYC requirements are unknown. Two audits are listed, but their names and scope are not specified here; check those details before depositing. Prediction markets may be regulated as gambling where you live, so check local law and only use the service if you are 18 or older.
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How we checked
Sources
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