New features this week:

Dienstag, 21. September 2010

New features this week:

This week we introduce another market and a new feature that lets you travel back in time.

New Market: Gold price 2011

The gold price is reaching new heights as investors seek save havens for their money. A bumpy road to recovery and the massive debt of most major economies is fueling the fear and driving up the price of gold. But will it last or is this just a temporary bubble? A new market will find out.

New Feature: view old markets

We have made a lot of predictions since the start of the platform in 2008. Now we give you the opportunity to go back and check some of the old predictions, at least the ones we made in markets open to the public. They will be displayed on the markets page below the currently active markets.

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About us

The platform Markttrend.com is an internet-based prediction market. It is based on the idea that the aggregated collective wisdom is more accurate in predicting future events and trends than the predictions of a small number of experts. This will enable the users to better forecast the outcome of elections, the adoption of new technologies and other trends in politics or society. The used mechanism is similar to a stock market. The users will have the opportunity to buy and sell stocks for different events and technologies. The demand raises or reduces the stock price. To make this platform more compelling and easy to use we chose to implement some game-like features. We hope that this will make your trading experience more enjoyable.

Markttrend.com was started by us - two former students of Darmstadt University of Applied Sciences - in the Summer of 2006. Since Summer 2007 we have worked on implementing the platform. The closed alpha version was started in June 2008. Since September 18th. 2009 the platform's beta version is open. From march 2009 until February 2009 Markttrend.com, as a university startup, received the„Exist-Gründerstipendium“ from the German Federal Ministry of Economics and Technology and the EU.

Despite promising piloting projects we have currently chosen not to foster the commercial use of Markt-trend.com for company usage. Nevertheless our publicly free and open demo website will stay online and further advance. This is due to the fact, that nearly 2.000.000 virtual stocks have been traded so far in over 100 open and private prediction markets. Furthermore the astonishing results of past predictions and the potential for future development encouraged us to keep Markttrend.com alive.