I can confirm that for this reason, and a few more, a prediction market mechanism works much better in a well-designed virtual market economy where bets are not denominated in a monetary currency. In fact that’s why I sold Redmonitor, a real money prediction market I founded in 2004 only 4 years later, in 2008 and started a virtual one.
I can confirm that for this reason, and a few more, a prediction market mechanism works much better in a well-designed virtual market economy where bets are not denominated in a monetary currency. In fact that’s why I sold Redmonitor, a real money prediction market I founded in 2004 only 4 years later, in 2008 and started a virtual one.