Viewport width =
March 13, 2016 | by  | in News |
Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

Trumped for Cash

In late 2014, Victoria University economics major Matt Burgess created an app allowing people to bet on politics, and it’s taking the US election by storm.

With the help of Lou Evans, Professor Neil Quigley, and VicLink, Burgess initiated the development of New Zealand’s first online marketplace for predicting and forecasting political events.

The interactive app—originally called iPredict (now PredictIt)—encourages members to do more than just vote, it encourages them to bet on their expected outcome.

If your predicted event occurs, the trader—the person behind the proposition, will be paid quite simply for having made it public; with the point of the game being to understand and express what everyone else is thinking.

PredictIt is now run from Washington DC and has 17,000 active traders. It is unsurprisingly most popular with highly educated young men.

According to PredictIt’s terms and conditions, to remain legal, there is “a limit of 5000 total traders in any particular contract,” and “a limit on investment by any single participant in any particular contract [of] $850.”

Salient can report that PredictIt’s expansion into the US has allowed debate to finally move away from John Key’s ideal vacation spot.

Share on FacebookShare on Google+Pin on PinterestTweet about this on Twitter

About the Author ()

Comments are closed.

Recent posts

  1. Issue 20, Vol 81: CW: Tits & Bits
  2. Food Sex
  3. A (Selective and By No-Means all-Encompassing) Look at Neo-Soul
  4. A Love Song
  5. Doing It
  6. Top 5 Sexiest TV Shows I I Was Too Young to be Watching But I Did Anyway
  7. My Dad Wrote A Porno
  8. NT: Te Ara Tauira
  9. Sexing up the Hub: Condoms, Clits & Suzy Cato
  10. The Lifts Are Always One Step Ahead
Website-Cover-Photo7

Editor's Pick

This Ain’t a Scene it’s a Goddamned Arm Wrestle

: Interior – Industrial Soviet Beerhall – Night It was late November and cold as hell when I stumbled into the Zhiguli Beer Hall. I was in Moscow, about to take the trans-Mongolian rail line to Beijing, and after finding someone in my hostel who could speak English, had decided