my friend just told me about this...looks like a kiddie version of tradesports
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my friend just told me about this...looks like a kiddie version of tradesports -
I really don't know much about this place Pico.
Heres the press release on them though.
Online Betting Meets Online Giving With New Prediction Market Bet2Give
Friday, September 21, 2007
BALTIMORE, Sept. 21 /PRNewswire/ -- Prediction market pioneer NewsFutures just launched a new website that lets online bettors compete to raise funds for their favorite causes.
Bet2Give is a real-money prediction market where you grow your account with investments in smart predictions about the future, then give your winnings away to non-profit organizations of your choice. Topics cover sports, finance, politics, the war on terror, Iraq, and various current events in between.
Because participants cannot profit financially or materially from their successful bets -- all the money won or lost eventually goes to non-profit organizations -- Bet2Give is obviously not a "gambling" venue. According to the founders, the Bet2Give value proposition is something else altogether:
"Since you're betting directly against other people, you are effectively competing to divert their funds to your favorite causes -- and they're trying, of course, to do the same thing unto you," explains Maurice Balick, who co- founded of NewsFutures with childhood friend Emile Servan-Schreiber. "On Bet2Give, those who are best at predicting the future also get to decide how to improve the future, one donation at a time."
"By combining the thrill of betting and the reward of giving, Bet2Give delivers a unique and powerful emotional experience," continues Servan- Schreiber. "Rather than competing with existing channels of online giving, we are betting that Bet2Give will contribute to enlarge the online fund-raising plate for all sorts of worthy causes that people believe in, all the while providing great entertainment and valuable collective predictions backed up by real money."
The Bet2Give prediction market is located at http://www.bet2give.com
More information about how the market works can be found here: http://www.bet2give.com/b2g/guide.html
ABOUT NEWSFUTURES
Baltimore-based NewsFutures, founded in 2000 by Maurice Balick (CTO) and Emile Servan-Schreiber (CEO), is the leading worldwide provider of prediction market technology and solutions. NewsFutures customers are large companies and global media brands seeking to harness the predictive wisdom of their employees, clients or audience. Since 2000, NewsFutures has also operated an eponymous play-money prediction market on all the news which has been discussed in the New Yorker, Time, Newsweek, the New York Times, Slate, Nature, CBS News, and James Surowiecki's best-seller "The Wisdom of Crowds" (2004). For more information about the company, please visit: http://www.newsfutures.com.Comment -
Looks like some kind of charity site, not a sportsbook.Comment -
I guess this is the real life model for the play money article you posted. (Authors are same as the owners and administrators). Are the players there the subject of some type of research thesis, or is this just a fancy public opinion company gathering data to sell to its clients?
Has anyone here tried it?Comment -
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