Gnosis is an Ethereum-based network that serves as a prediction market for pretty much anything. Gnosis consists of three layers: the Gnosis Core, Gnosis Services, and the Application layer. Its different prediction markets can facilitate price discovery, financial market predictions and even insurance prices. All of these functions can be handled by smart contracts or applications built on top of the Gnosis network. The platform mostly eliminates the need for middlemen. Gnosis also supports a market-based governance system called Futarchy, where the markets and investors make the decisions. GNO is the token ICO investors will receive which will later be turned into WIZ, the token that will be used to pay trading fees, create markets, speculate, and subsidize various other fees.