It's fun.
The basic premise of RealityMarkets.com is to build the most valuable stock portfolio of all the users. Simply put, buy the stocks you think will occur, sell the stocks you don't think will occur.
It's serious.
The extended premise of RealityMarkets.com is to use predictive markets that are the result of the collective intelligence of everyone playing to show results that are more accurate than other polls and predictions.
From Wikipedia (Link)
Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event (e.g., will the next US president be a Republican) or parameter (e.g., total sales next quarter). The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Other names for prediction markets include information markets, decision markets, idea futures, and virtual markets.
To get site development news, visit the blog.
