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parimutuel betting

Drupal-specific prediction markets

Submitted by greggles on Mon, 01/16/2012 - 08:34

After working on the system for a bit I finally re-launched Open Prediction Marktets Beta site.

The beta.openpredictionmarkets.org site has two goals:

  • To serve as the place running the leading edge of my prediction market code
  • To help the Drupal community make more accurate predictions about its future

Rebooting predicition market for Drupal 7: a simple Parimutuel system

Submitted by greggles on Fri, 11/04/2011 - 08:01

So, I read the wikipedia page on parimutuel betting and felt like that presents a similarly predictive market without the complexities of trying to build a markets concept with trading and all the fun that comes from matching trades. I really got stuck last time on two elements:

  • The trading concept requires a lot of extra calculations and overhead, those lead to a complex system which leveraged a lot of contributed modules...
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