Our play-money prediction exchanges should partner with non-profits.
Chris F. Masse October 2nd, 2008
CORRECTION: It’s Predictify who comes up with the $100k, not Rock The Vote.
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Predictify (a prediction platform, not a prediction exchange) is partnering with Rock The Vote.
As I understand it (BEWARE: the Press release is not that clear about where the money comes from), Rock The Vote (a 501c, I suppose) forks over $100.000, which Predictify uses as a prize pool to be handed out between the winners of a 2008 US election forecasting game.
I don’t get what Rock The Vote gets out of this deal, but that’s their problem. Rock The Vote gets the free publicity.
I see it as a good idea, and I think that our prediction exchanges should be seeking out deals such as that one with non-profit organizations… or commercial sponsors. It would attract more traders to our prediction markets.
- Forecasting , Marketing & Internet Marketing
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I’ve long wondered how useful prize pools would be to tie play money markets to the real world. Chances of winning have to be weighted, not winner-take all, or extreme risk is encouraged.