Predictify: A little something to keep predictions’ gurus busy

If anyone likes to predict stuff and is good at it, try this website: Predictify. It’s not as fun as predicting the end of the world and stuff like that but you can get paid for it. The website offers you a list of things for you to try to predict and if you are right, you can even get paid. In fact, Predictify describes itself as follows:

Studies have shown that large groups of regular people are often more accurate than a small group of experts at predicting the outcome of future events. Predictify is a prediction platform that harnesses this collective wisdom.

Predictify provides a simple, fun way to engage in current and future newsworthy topics. You can research, discuss and predict the outcomes of real-world events, challenge your friends to private prediction contests, build a reputation based on your accuracy, and even get paid real money when you’re right. Best of all, it’s free – no points or bets required. Click on the Predict tab above to get started.

So I can get paid, right? But how much? Well, according to the website:

By accurately predicting the outcome of Premium questions. Predictify charges Premium question-askers a fee of $1 per response and shares a portion of this fee (the pot) with the predictors based on their accuracy.

So, the price you get paid depends if it’s a premium question, how many answers there are and how many good answers there are. I haven’t tried the concept so I can’t tell if it’s worth it but it’s certainly a nice thing to try if you are a guru in a core sector like finance.

I think it’s a nice initiative and concept, but at the same time there’s probably a big company behind that trying to use the community to make money. Let’s admit it, you probably don’t get paid a fortune for your answers but I’m pretty sure the information extracted from the community’s answers is really worth it and worth a lot of money.

Anyway, see this as an entertainment if you like that kind of stuff.