Delphy DPY ICO: Real World Blockchain Prediction Markets?

Get the latest insurance news sent straight to your inbox. Find more jobs on GeekWork. Proposition bets have a much shallower market and are popular for events like Elections and the Super Bowl. Buybacks are slowing

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What is Delphy?

Short selling You can also short sell shares when you think an event will not occur. Make predictions on anything From the presidential elections to the Oscars, to the sales of the iPad, make predictions about anything.

Trade with Bitcoins Trade anonymously and from anywhere in the world using Bitcoins. No transfer fees Deposit and withdraw your Bitcoins from Predictious as often as you want, at any time, it is completely free. You are in control Unlike a stock market, you don't have to be an expert in finance to understand what you are buying. Like a stock market If the price of your shares goes up before the event date, sell them and make profits immediately regardless of the outcome of the event. For each of those teams, the "correctness" was known the moment that they were eliminated from the playoffs or from playoff contention.

Say the game ends February 4 at 9: We would say that the "correctness" of the Bears and Bengals was known February 4, 9: Let's assume the Bears win.

We would then resolve the Bears as correct and the Bengals as incorrect. In a prediction market platform like Cultivate Forecasts , the platform will automatically resolve all other remaining answers when you mark an answer as correct since if one answer is correct, then de facto all the other remaining ones are incorrect. Once an answer is resolved as correct, then the platform can pay out winnings, similar to a sports book.

In that way, it is a lot like other old shaggy-dog stock-market indicators, such as the Super Bowl indicator, which predicts that a Super Bowl win by a team from the old National Football Conference means the stock market is going to rise for the rest of the year.

That indicator has about an 80 percent success rate, but probably not because of who actually wins the Super Bowl. In fact, stocks are usually rising more than they are falling, including on election days, which Russolillo notes have been higher 80 percent of the time since It is true, though, that a rising stock market is often associated with an improving economy, which is typically a boon to the incumbent, which is one of many reasons incumbents often have an advantage in elections.

But the fun of numbers is that you can read them any way you like, to suit your own bias. For example, as Ritchie King of Quartz noted recently, a 7.