1. A project or venture undertaken with the hope of profit but with significant risk, based on conjecture rather than proven feasibility
The startup's blockchain venture was a speculative project with uncertain returns.
O empreendimento de blockchain da startup era um projeto especulativo com retornos incertos.
2. In business or finance, an undertaking based on theoretical assumptions or market predictions rather than concrete evidence
Real estate developers often engage in speculative projects in emerging neighborhoods.
Desenvolvedoras imobiliárias frequentemente se envolvem em projetos especulativos em bairros emergentes.