Quote from: Babylon on July 19, 2010, 07:04:39 PM

Ok, I don't have one yet, My coding skills may or may not be up to actually making one. But I thought a prediction market in bitcoins would be a good idea. Because of their anonymous nature it would allow for a wider range of possible predictions than the currently available markets. My thought is a market in which anyone can offer something to be predicted, with the site admins taking a cut for judging which way it has gone. Things to be predicted could be submitted and then the judges would decide if they are able to judge that particular thing, and how much they would charge to do so, if they can't judge it it is rejected, if they can but the judge's fee is not met then the market is dissolved at the end and bids are returned. If they can judge it and the judge fee is met that is subtracted and the rest divided among those with correct predictions based on their market share.

Hey Babylon,

I'm curious—why didn't you pursue this idea further?

Your idea of judges deciding the validity of predictions and their fees is genius. We're actually looking to add a feature like this in the near future, where community-driven assessments play a key role.

At Makao, we've developed something similar, and we're about to launch early access. Users can create and manage their own prediction markets on any topic, with a "Trust Note" system to ensure transparency and fairness.

If you're interested, you can sign up for early access at https://makaoapp.com. Or feel free to DM me for quicker access: https://twitter.com/marc_nahas.

Looking forward to your thoughts on this.