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Author Topic: FAIRLAY - The Bitcoin prediction market  (Read 3417 times)
fairlay
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February 07, 2014, 03:04:30 AM
Last edit: May 26, 2014, 03:42:57 PM by fairlay
 #1

Fairlay - the future of reliable information.


Fairlay seeks to crowd-source information by providing a totally open prediction market. Functioning more like a conditional betting exchange, Fairlay not only allows users to bet but to see public confidence on various bitcoin and altcoin related events, as well as sports, and general news. By using Bitcoin to allow users to demonstrate where their confidence lies regarding specific event, Fairlay can aggregate the wisdom of the majority.
There is a huge potential in he possibilities of an open prediction market. Bitcoin could be the technological enabler for that. Fairlay sees a prediction market as a great tool to evaluate risks, hedge risks and aggregate information. Why do we have lots of different numbers for weather forecasts or as election predictions? Fairlay believes that a working prediction market could aggregate all data into the best available forecast. If someone has newer or better information he is able to bet against the current prediction, improving the forecast and get rewarded in the process.


About Fairlay
Fairlay was founded in 2013 and is a London-based prediction/betting market. It specializes in getting reliable information for everyone. For more information, please visit https://fairlay.com .
After a very successfull beta challenge, where Fairlay was able to acquire over 1000 users, tracked over 8000 bets and had over 50 events to bet on, Fairlay just announced betting with real Bitcoins.


www.fairlay.com - the Bitcoin prediction market - the future of reliable information
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fairlay
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February 07, 2014, 04:14:31 PM
 #2

You find the exact payout here: http://blog.fairlay.com/2014/02/fairlay-beta-promo/

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
fairlay
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February 09, 2014, 03:57:15 AM
 #3

Seak peek on fairlay.com
Bet overview:

Betting form:

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
leancuisine
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February 09, 2014, 05:49:55 AM
 #4

That link seems down for me...  Undecided
Edit - It's working now. Smiley

djarot
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February 09, 2014, 07:44:29 AM
 #5

Will check it out.

add me
halcyon
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February 11, 2014, 04:56:35 PM
 #6

looks great Smiley

Directbet livebetting
fairlay
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February 11, 2014, 05:12:55 PM
 #7

A blog post to the latest news around MtGox and how a prediction market could be a game changer:

Information should have a price, but a fair one
http://blog.fairlay.com/2014/02/information-should-have-a-price-but-a-fair-one/

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
TheJacob
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February 11, 2014, 07:50:37 PM
 #8

When does this start?
fairlay
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February 16, 2014, 02:44:45 AM
 #9

Now - we are online now. www.fairlay.com

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
serje
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February 17, 2014, 06:34:14 PM
 #10

where can I see how much other have?
Balance
    705,605.87 Credits


feel free to register with my reff link http://www.fairlay.com/?signup=383
joksim299
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February 17, 2014, 06:42:32 PM
 #11

Great site, I like the design and simplicity.
But adding more bets would be great.

fairlay
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February 17, 2014, 06:43:07 PM
 #12

If you have 705,605.87 Credits you are right now on place 2.

We will have a leaderboard soon where you can look it up.

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
serje
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February 17, 2014, 06:44:54 PM
 #13

If you have 705,605.87 Credits you are right now on place 2.

We will have a leaderboard soon where you can look it up.

Nice

Thanks

Germany sent me there!
Germany No. 1 at Sochi Olympic...    59950.00    8.34 / 11.98    Yes    59950.00    44 minutes ago    Yes wins    705,564.73 Credits



Btw can you tell me how much is 200mBTC in BTC? is it 0.2 or 0.02?
fairlay
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February 17, 2014, 06:50:15 PM
 #14

Yes - you were lucky to get odds this good. We were surprised so many people were willing to bet against Germany at such low odds. However, it is a free market.

200mBTC = 0.2 BTC

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
serje
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February 17, 2014, 06:55:00 PM
 #15

One suggestion about your site!
Can you please make something that i can order bets after their closing time?
fairlay
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February 17, 2014, 06:58:32 PM
 #16

Great site, I like the design and simplicity.
But adding more bets would be great.

Thanks, do you have a suggestion for a bet?
You can post that here: http://forum.fairlay.com/

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
fairlay
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February 17, 2014, 06:59:54 PM
 #17

One suggestion about your site!
Can you please make something that i can order bets after their closing time?

We already have it, don't we? The right column is sorted by the closing time.

www.fairlay.com - the Bitcoin prediction market - the future of reliable information
serje
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February 17, 2014, 07:04:55 PM
 #18

One suggestion about your site!
Can you please make something that i can order bets after their closing time?

We already have it, don't we? The right column is sorted by the closing time.
Oh yes indeed!

I was focusing on central column as I can open links inside bet if they are on mid!
serje
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February 17, 2014, 07:29:17 PM
 #19

I've put a bet of 110108.90 and only 110108.89 is matched .... what that means?
That i will be paid with odds*110108.89 bet if i win or my bet will cancel if it will not be matched until the time ends?
leancuisine
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February 17, 2014, 07:49:20 PM
 #20

I've put a bet of 110108.90 and only 110108.89 is matched .... what that means?
That i will be paid with odds*110108.89 bet if i win or my bet will cancel if it will not be matched until the time ends?
Unless someone else bets against your bet for over 0.01, then that remaining 0.01 will be returned to you with no deductions I believe.

The rest of your bet will still continue.

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