Greek startup AskMarkets lets users create and participate in non-cash prediction markets of any kind. There is no real money involved whatsoever, but it’s fun to play along.
Prediction markets work like a stock exchange where instead of company stocks, people trade opinions, your knowledge on a particular question or your personal estimate of how something might work out. The same way the market mechanism of supply and demand determines the value of a particular stock and its market price then also reflects the sum of all the traders’ knowledge and information, the judgement of the people participating in a particular prediction market influences the possible answer to the question at hand.
The application lets users bet on the chances that any particular startup will be acquired, get additional funding or head straight to the infamous deadpool within the next 12 months.