Predictify Launches Prediction Platform That Allows Internet Users to Make Money by Predicting Future Events
New Platform Enables Members to Predict the Outcomes of Real-World Events, Build Reputations as Experts and Get Paid for Their Accuracy
Menlo Park, Calif. (PRWEB) October 8, 2007 -- Who will win the Democratic nomination for president? How many months will Michael Vick spend in prison? How many games will the Dallas Cowboys win this season? According to Predictify members, the outcomes will be Hillary Clinton, 18 months and 10 games, respectively.
Launched today, Predictify is a Web-based prediction platform that provides a simple, fun way to engage in current and future newsworthy topics. Members can find events that interest them, predict the outcome, build a reputation based on accuracy, compete against friends, and even get paid real money when they're right. Best of all, it's free to predict - no points or bets are required.
Predictify is based on the concept of collective wisdom, which combines the responses of a large number of users into a powerful collective prediction. Unlike surveys and polls, Predictify asks members to consider the likely outcome of an event, not their personal opinions or beliefs, and tracks each member's historical predictive accuracy to identify experts among its user base.
Members can also post questions about future events and collect a large sample of predictions about the outcome. Predictify's unique system captures the full distribution of predictions, not just the average, and provides easy-to-use graphical tools to analyze the results. Posting questions is free - or, for a small fee, members can keep the results private and filter by predictor demographics. Businesses and individuals can use this data to gain insight into future product releases, sales forecasts, consumer sentiment, or market trends, to name a few examples.
To start predicting today, visit http://www.predictify.com.
About Predictify
Studies have shown that large groups of regular people are often more accurate than a small group of experts at predicting the outcome of future events. Predictify is a prediction platform that harnesses this collective wisdom and makes predicting easy and fun. Predictify is based in Menlo Park, Calif., and can be found on the Web at http://www.predictify.com.
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