Closed selinisik closed 1 year ago
The majority of reminiscent examples available on the internet are sports-related betting or gambling websites. Taking those websites as a premise for our project is problematic because of the fees charged for the users and the myopic scope of such applications that contradicts the aspired goals of the projects. Predicting the results of a football match is easier thanks to the abundance of resources to confirm the true results and the lack of polls with a continuous domain of possible results: problems we are trying to tackle currently.
We may see several obstacles in our way.
There is a very similar project to ours. It is named PredictIt.
Here is a short description of the PredictIt: PredictIt is designed to provide a platform for users to engage in a form of "crowdsourced" prediction-making, where individuals with different knowledge and insights can contribute to making more accurate predictions about the future. The platform also serves as a way to track the collective wisdom of its users in real time.
It resembles a gambling application. Users can bet on outcomes of certain events and earn or lose money on their bet. There is a major restriction of PredictIt, however, it is only available in USA. Another restriction is that contrary to our application, PredictIt does not open polls for random events. It generally opens polls for politics.
You can check their website for more information.
Problem Definition
We need to do a research on similar projects, and if possible, find people who are knowledgeable about our project topic and contact them.
Acceptance Criteria
Suggested Solutions