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PredictIt Gameplay, Trailers and Related Videos

Watch PredictIt 101: How to Buy and Sell Shares video.

Watch PredictIt Tutorial: Accruing Negative Risk video.

Watch PredictIt Pro-tip #1 - Set your BUY orders video.

Watch PredictIt Strategy Tutorial: Safe Investing video.

Watch PredictIt Official video.

Watch PredictIt CEO John Phillips on CNBC video.

Watch James Carville on PredictIt video.

Watch TheStreet Debate recap w/PredictIt video.

Watch Corey Lewandowski Admits to Using PredictIt video.

Watch "Predict it," fantasy political betting scandal video.

About the application:

PredictIt is a real-money binary-options prediction shop that tests your knowledge of political happenings by letting you buy and trade shares in the outcome of everything from a U.S. or international presidential election to a Supreme Court decision, either Yes or No.Taking part in PredictIt is fun and simple. Pick an happening you know something about and see what another traders trust is the likelihood it will happen. Do you think they have it right? Or do you think you have the knowledge to beat the wisdom of the crowd?The key to success at PredictIt is timing. Create your predictions when most people disagree with you and the price is low. When it turns out that your view may be right, the value of your predictions will rise. You’ll need to select the best time to sell! PredictIt allows up to 5,000 people per shop of up to $850 each on a particular shop. Each outcome has a probability between 1% and 99%, with the sum of the two always adding to 100%. We convert those percentages into cents so that every share has a price between 1 and 99 cents. The price of these shares will change over time. Hold in mind that, although the stakes are limited, PredictIt involves true cash so the consequences of being wrong can be painful. Of course, winning can also be additional sweet.PredictIt is an educational purpose project of Victoria University, Wellington of Fresh Zealand, a not-for-profit university, with help provided by Aristotle International, Inc., a U.S. provider of processing and verification services. The main objective for its happening contracts shop is to determine whether it can aggregate info and predict outcomes of certain happenings more accurately than through alternative means, such as public opinion polling. PredictIt and Victoria University use the results from the shop for statistical analysis, shop theory, and trader psychology, and as supporting data for research papers and analyses.The website launched legally late 2014 in the U.S. after being granted a No-Action Letter by the Commodity Futures Trading Commission (CFTC). Prediction markets, like this one, are attracting a lot of academic and practical interest. Prediction markets are very awesome at what they do. Research shows they beat pollsters and pundits regularly. In 2008, for example, a previously existing prediction shop came within a single electoral vote of predicting the election. In 2012, the shop predicted 49 out of 50 states. So, you receive to challenge yourself and also assist the experts better understand the wisdom of the crowd.