Intrade stock market
The Brooklyn Nets are facing elimination from the NBA playoffs on Friday night after consecutive losses to the Toronto Raptors.
If the Nets want another tidbit to boost their self-confidence, I suggest they look to a fantasy sports stock market.
Intrade - Wikipedia
A trade price of 69 indicates that the handful of bettors on Tradesports. Tradesports is a sportier and, its founders hope, more legal reincarnation of Intrade, the now-defunct online betting and prediction market.
Intrade tells U.S. customers to close accounts - The Buzz - Investment and Stock Market News
Intrade allowed its users to place bets about news, politics, and world events, among other things, and garnered attention for being roughly as accurate as statistician Nate Silver. It shut down last year after running into regulatory trouble with the U.
Commodity Futures Trading Commission. Tradesports differs from other fantasy sites because it lets participants place their bets and predictions in real time.
These contracts can be about anything from overall game outcomes to specific player performances. In each contest, there are preset amounts that players can win. As the real sporting event progresses, you can see the last trade price and the current volume of each prediction contract. At the moment, Tradesports is still in beta and you need to clear a waiting list to start participating.
Even Without Intrade, Billions Will Be Bet on Race | FiveThirtyEight
The site also limits how many people can join each contest, capping entrants in the Raptors-Nets betting to To ensure that the competition stays skills-based, Tradesports requires that participants trade a minimum of shares in at least three different contracts. In its intense market nerdiness, Tradesports is geared first to finance and trading geeks, and second to sports enthusiasts.
On Tradesports, your knowledge of NBA teams and statistics is only as good as your grasp of trading concepts like shorts, and your ability to respond quickly to new market information. Because of that, Bernstein thinks the site is likely to attract data crunchers who will revel in the real-time fluctuations in predictions.
Slate is published by The Slate Group, a Graham Holdings Company. Slate Sign In Sign Up. Intrade Founder Creates a New Way to Lose Money by Betting on Sports.
Tradesports: The new fantasy sports platform is like a stock market for athletic events.
Can a fantasy sports stock market predict the outcome of tonight's Nets-Raptors game? Alison Griswold is a Slate staff writer covering business and economics. FOLLOW SLATE Twitter Facebook Instagram. SLATE ON IPHONE ANDROID KINDLE.