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Hi guys -- Mantic Markets co-founder here! Thanks for checking out our site! Most startup ideas are counter intuitive, but I appreciate the skeptical response
by jahooma 5y ago
Hi guys -- Mantic Markets co-founder here! Thanks for checking out our site!
Most startup ideas are counter intuitive, but I appreciate the skeptical response here.
The case for user created and resolved prediction markets is that it's simple, clear, and actually what traders want.
For example, Zvi, who writes on Omicron and consults on prediction markets, recently blogged that the ideal way to resolve markets is to have Scott Alexander be the judge. https://thezvi.wordpress.com/2021/12/02/covid-prediction-markets-at-polymarket/ https://thezvi.wordpress.com/2021/12/02/covid-prediction-mar...
Reality gets messy and judging outcomes ultimately comes down to a person's priors and expertise. We envision a world where experts that you trust run markets on topics that you trust them on.
Right now, we have launched a play-money version of our site, and are exploring options such as moving into crypto. I will say that we love how easy and fun it is to participate with play-money, and believe that the results can be accurate.
Imagine if your favorite Twitter and Substack personalities mixed in prediction markets with their regular tweets and posts to help their analysis or make a point. It's like a Twitter poll, but with a system for accountability that drives accuracy!
We think a super-accessible site that makes accurate forecasting fun can lead to a profound impact on our knowledge and guide us to a better world. Thanks for reading!
--James