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.
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.
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.