richardhutnik on 11 September 2013
| Torillian said: Back when we were changing things up to be gamrConnect the big idea I had and still love was a subforum for user bets. Place that you could finalize the conditions and the cost, have a moderator preside over it, and then make sure the loser adhered to the agreed upon punishment. Sadly it didn't happen, but I thought it would've been really fun. |
A prediction market is a variant on betting. It works more like a stock market. People buy and sell bets and they raise and lower based upon market activity. It was found that this approach actually worked well for predicting things. It also works fairly automatically, so you don't need to have people administer it. Click on the link in the first post to Wikipedia to get an idea on this.
