Frequently asked Questions
Dear friends! We thank you for the attention you paid to our project – we are launching a second prediction market in the history of Russia (the first one took place a few years earlier, during the 2016 Parliamentary Election).
Answers to the most frequently asked questions:
What are your intentions? Why have you started this project?
Our intention is to conduct research. We are very interested in the capabilities of this technology, as it has shown wondrous results in other parts of the world. It seems almost impossible: very accurately predicting the results of the election, basing on excitement and with of a small group of people, none of whom are expert political scientists.
The idea behind the prediction market is simple yet effective: motivated people, guided by their desire to be right and successful often prove to be better at assessing the situation than professional analysts. During the Parliamentary election traders were able to provide a very close estimate of the election results.
This project can also be important to studies that focus on other capabilities of the collective mind.
How does the prediction market work? How do I make bets?
Our prediction market works just like any regular stock market. Upon registration, every new member receives a certain amount of virtual currency and a few market of every candidate. After that, their primary goal is to maximize capital: to buy low and sell high. This implies that individual participants are not trying to predict the outcome of the election: instead, they are analyzing the current situation and predicting how is it going to change. It is also possible to make a bet on the turnout. The traders who earned capital by the end of the project will receive prizes.
How do I become a member?
You can register on our website. To do so, you will need to fill in a small application form that will be used for research purposes only. After registration, you will receive an invitation.
Can foreigners participate or is the game for Russians only?
Everyone can register. Supported languages are Russian and English.
Prediction market currently has about 20 foreign members who participated in other similar projects of our Austrian partners, predicting the outcome of elections in Switzerland, Germany and other countries.
Can I bet on money?
No, we do not accept monetary deposits. Everything is free of charge. If you really want to play for cash – you are free to visit the nearest casino ;)
I filled in the registration form, where is my invitation?
The application forms are sorted out manually. The goal of our project is research, not entertainment and knowing who our participants are is a crucial part.
The sorting process usually takes 1-2 days. After that, you will receive your invitation.