0.2.2.6 / October 13, 2015
(4.0/5) (31)

Description

PredictIt is a real-money binary-optionsprediction market that tests your knowledge of political events byletting you buy and trade shares in the outcome of everything froma U.S. or international presidential election to a Supreme Courtdecision, either Yes or No.

Taking part in PredictIt is fun and easy. Pick an event you knowsomething about and see what other traders believe is thelikelihood it will happen. Do you think they have it right? Or doyou think you have the knowledge to beat the wisdom of thecrowd?

The key to success at PredictIt is timing. Make your predictionswhen most people disagree with you and the price is low. When itturns out that your view may be right, the value of yourpredictions will rise. You’ll need to choose the best time to sell!PredictIt allows up to 5,000 people per market of up to $850 eachon a particular market. Each outcome has a probability between 1%and 99%, with the sum of the two always adding to 100%. We convertthose percentages into cents so that every share has a pricebetween 1 and 99 cents. The price of these shares will change overtime.

Keep in mind that, although the stakes are limited, PredictItinvolves real money so the consequences of being wrong can bepainful. Of course, winning can also be extra sweet.

PredictIt is an educational purpose project of VictoriaUniversity, Wellington of New Zealand, a not-for-profit university,with support provided by Aristotle International, Inc., a U.S.provider of processing and verification services. The mainobjective for its event contracts market is to determine whether itcan aggregate information and predict outcomes of certain eventsmore accurately than through alternative means, such as publicopinion polling. PredictIt and Victoria University use the resultsfrom the market for statistical analysis, market theory, and traderpsychology, and as supporting data for research papers andanalyses.

The site launched legally late 2014 in the U.S. after beinggranted a No-Action Letter by the Commodity Futures TradingCommission (CFTC). Prediction markets, like this one, areattracting a lot of academic and practical interest. Predictionmarkets are very good at what they do. Research shows they beatpollsters and pundits regularly. In 2008, for example, a previouslyexisting prediction market came within a single electoral vote ofpredicting the election. In 2012, the market predicted 49 out of 50states. So, you get to challenge yourself and also help the expertsbetter understand the wisdom of the crowd.

App Information PredictIt

  • App Name
    PredictIt
  • Package Name
    predictIt.PredictIt
  • Updated
    October 13, 2015
  • File Size
    1,021k
  • Requires Android
    Android 4.4 and up
  • Version
    0.2.2.6
  • Developer
    PredictIt
  • Installs
    1,000 - 5,000
  • Price
    Free
  • Category
    Education
  • Developer
    Visit website Email [email protected] Privacy Policy
    Aristotle, Inc. 205 Pennsylvania Ave, SE Washington, DC 20003
  • Google Play Link

PredictIt Show More...

PredictIt 0.2.2.6 APK
PredictIt
PredictIt is a real-money binary-optionsprediction market that tests your knowledge of political events byletting you buy and trade shares in the outcome of everything froma U.S. or international presidential election to a Supreme Courtdecision, either Yes or No.Taking part in PredictIt is fun and easy. Pick an event you knowsomething about and see what other traders believe is thelikelihood it will happen. Do you think they have it right? Or doyou think you have the knowledge to beat the wisdom of thecrowd?The key to success at PredictIt is timing. Make your predictionswhen most people disagree with you and the price is low. When itturns out that your view may be right, the value of yourpredictions will rise. You’ll need to choose the best time to sell!PredictIt allows up to 5,000 people per market of up to $850 eachon a particular market. Each outcome has a probability between 1%and 99%, with the sum of the two always adding to 100%. We convertthose percentages into cents so that every share has a pricebetween 1 and 99 cents. The price of these shares will change overtime.Keep in mind that, although the stakes are limited, PredictItinvolves real money so the consequences of being wrong can bepainful. Of course, winning can also be extra sweet.PredictIt is an educational purpose project of VictoriaUniversity, Wellington of New Zealand, a not-for-profit university,with support provided by Aristotle International, Inc., a U.S.provider of processing and verification services. The mainobjective for its event contracts market is to determine whether itcan aggregate information and predict outcomes of certain eventsmore accurately than through alternative means, such as publicopinion polling. PredictIt and Victoria University use the resultsfrom the market for statistical analysis, market theory, and traderpsychology, and as supporting data for research papers andanalyses.The site launched legally late 2014 in the U.S. after beinggranted a No-Action Letter by the Commodity Futures TradingCommission (CFTC). Prediction markets, like this one, areattracting a lot of academic and practical interest. Predictionmarkets are very good at what they do. Research shows they beatpollsters and pundits regularly. In 2008, for example, a previouslyexisting prediction market came within a single electoral vote ofpredicting the election. In 2012, the market predicted 49 out of 50states. So, you get to challenge yourself and also help the expertsbetter understand the wisdom of the crowd.