What's new on Markttrend.com

Dienstag, 16. November 2010

What's new on Markttrend.com

Minimize your losses, restructure your portfolio with the new joker or invest in the new iPad 2011 prediction market.

New Market: iPad 2011 sales forecast

The iPad has been a success so far, but current predictions for 2011 ranging from 20 to over 50 Million units reflect the high uncertainty of exactly how fast this market will grow over the next year. Instead of throwing in another wild guess we will simply find out with our new prediction market.

Closed Market: company open source

Due to very low trading volumes we closed the open source market on Friday, 12^th November.

Bonus: Big Joker

Every user will receive an additional big joker this week to minimize losses in his current investments. To use it simply select the joker when selling a stock with loss.

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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.