Bitcoin Prediction Market

$1000-5000 USD

Closed

Posted

about 10 years ago

$1000-5000 USD

Paid on delivery

What is a prediction market? It's a market that allows you to make predictions on the outcome of hundreds of real-world events. Stock exchanges find the price of stocks, and futures markets find the price of commodities. Prediction markets find the probability of something happening - a predefined, uncertain future event. Will the financial markets be up today? Will a certain candidate win the next election? Who will win the Academy Awards? If you have an opinion on what will happen then you can make a prediction on Intrade. Predict correctly and you can win real money profits. An Intrade market - always YES or NO We need a platform where you make predictions by buying and selling shares on the outcome of real-world events. These events are always defined on Intrade as a YES/NO proposition. For example, here are a few of the markets currently available: The Dow Jones to close on or above 13,000 on 30 Dec 2012 Barack Obama to be re-elected President in 2012 The United States or Israel to bomb Iran before the end of 2013 This allows you take a clear position on each event - you can either predict the event will happen, or it won't happen. You then back up your prediction by buying or selling shares in the market. Each market is a YES/NO proposition - yes, the event will happen, or no, the event will not happen. If the event does happen, the market will settle at $10.00. If the event does not happen, the market will settle at $0.00. If you predict the event will happen then you BUY shares. If you predict the event will not happen then you SELL shares. If you buy shares you profit if the market value of the shares goes up. Your profit is maximised if the market settled at $10.00. If you sell shares you profit if the market value of the shares goes down. Your profit is maximised if the market settled at $0.00. The difference is this platform takes in bitcoin deposits. Bitcoins are used to buy and sell shares in the market. Users will have an address were they can have their bit coins sent to.

Project ID: 5362368

About the project

20 proposals

Remote project

Active 10 yrs ago

Looking to make some money?

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20 freelancers are bidding on average $4,420 USD for this job

@best1

Hello, We have read your project description in details and we are well aware of the concept, we are listing below our understanding for your requirements. - You want a prediction website for the online trader. - You want to predict on shares and other event that are happening in your country right? - You basically want the transaction as buy or sell right? - Do you want this transaction to occur at yes or no situation only or user can do transaction in middle also. - Say it the dow jones is marching towards 13000 and user has purchased at 10$ and if it reaches 13k then rate may be 40or50$ but if it reaches to 12900 and rate is say 35 then can user sell it as already has a profit of 25 $? Kindly confirm. - We generally call it as call and put options which is mainly used in share trading concept, it also happens for particular script or altogether sensex. - You want category for the prediction questions? - Do you want to manage from admin panel? - Do you want the trading only in terms of bit coins or you want it to be from normal real currencies also? - Do you want blogs and forum for discussion? Kindly communicate with us in details as we are having detail knowledge of the concept and we are developing website similar to mtgox. We can provide you the final estimation on time & cost once we are clear with the scope of the project, meanwhile kindly share more details so that our BA team can prepare feature list to provide you robust solutions. -B.A

$5,000 USD in 55 days

4.9

(214 reviews)

9.6

@technosystem

Already developed several Bitcoin websites so Kindly accept my bid for your Bitcoin Prediction Market website project and be assured of a high quality work with our highly experienced and dedicated developers. Thanks

$5,154 USD in 60 days

4.8

(175 reviews)

9.2

@NovaStudios

Are you creating the propositions or using an API? How are you going to overcome the regulatory restrictions? Interested in working with you. Please message us to discuss the details of the project. Nova Studios - 6+ years on Freelancer, 400+ perfect reviews View profile here: http://www.freelancer.com/u/NovaStudios.html

$3,608 USD in 45 days

4.7

(258 reviews)

8.4

@onelinewebdeUK

Thanks for your consideration, please see our message and if you would like to discuss the project further do get in touch and I’ll give you a call.

$4,948 USD in 95 days

4.8

(27 reviews)

7.4

@zeuner

Dear countvidal staff, thank you for posting this interesting project. I am experienced with cryptocurrencies, bet markets and market engines. Some questions: * How should your system detect the outcome of the events users bet on? * What framework to use for the frontend? If no preference is given, I would suggest Yii. * Should the platform do automatic order matching? Or do people manually buy/sell betting shares from each other? * I assume the system should detract its revenue as a percentage from the betting share trades, right? I'm looking forward to hearing from you. Best regards, Isidor Zeuner

$4,750 USD in 60 days