CORRECTION: It’-s Predictify who comes up with the $100k, not Rock The Vote.
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.