Mantic Markets is a play-money prediction market platform where users can create their own markets on any question.
Prediction markets are a place where anyone can bet on the outcome of future events.
Consider a question like: "Will Democrats win the 2024 US presidential election?"
If I think the Democrats are very likely to win, and you disagree, I might offer $70 to your $30 (with the winner taking home $100 total). This set of bets imply a 70% probability of the Democrats winning.
Now, you or I could be mistaken and overshooting the true probability one way or another. But if there are enough participants betting, the odds or implied probability will converge to the market's best estimate.
This is the power of prediction markets. When people put their money where their mouths are, the results are more accurate.
Anyone can create a market on any yes-or-no question they want.
To participate in a market, users must purchase tokens from us ($5 = 500 tokens). These tokens can they be wagered in the market. If the market creator decides the outcome in their favor, the winnings will be credited to their account and usable in other markets.
Mantic Markets tokens are not convertible to cash and can only be used within our platform.
In addition to helping your fellow man discover the truth of various important social issues, you can also show off your predicting prowess on our leaderboards, and win cool prizes like gift cards, t-shirts, and more.
There is substantial evidence that play-money prediction markets can provide real predictive power. Examples include sports betting and internal prediction markets at firms like Google.
Prediction markets help society navigate uncertainty and can make us all smarter.