- Bet2Give
Bet2Give is a real-money
prediction market where participants grow their accounts with investments in predictions about the future, and give their winnings away tonon-profit organization s of their choice. Those who bet correctly and make a profit can effectively give other people's money to their preferred non-profits. Those who bet wrong and lose still see their money go to worthy causes, but chosen by others.Bet2Give lists prediction stocks on a wide variety of topics in sports, business, current events and politics.
Even though Bet2Give requires real-money funding from its participants, it is not a gambling venue because it doesn't offer any possibility of personal profit. All the money funded or won at the game is eventually donated to player-selected non-profit organizations.
Launched in the fall of 2007, Bet2Give is the first prediction market to explore the intersection between online betting and online giving.
External links
* [http://www.bet2Give.com Official website]
References
* [http://www.cnbc.com/id/15840232?video=613230523&play=1 CNBC's Maria Bartiromo introduces Bet2Give on the "Closing Bell" show]
* [http://www.marginalrevolution.com/marginalrevolution/2007/10/prediction-mark.html How to bet real money, in a country in which real money markets are illegal?]
Wikimedia Foundation. 2010.
