Introduction
Prediction games are a type of trivia game with a focus on the outcome of guessing future events rather than testing a player's knowledge of the past. They are not considered gambling and are not governed by gambling regulations. Prediction Games have recently become popular on the internet. These speculative games offer topics ranging from the world of entertainment, sports, and finance to various world current events. On the surface, Prediction Games may appear similar to prediction market games; however, there are major differences between the two. Prediction Games are free to play, simple to learn, and pay out real cash to winners. In contrast, Predictive Market Games often require real cash deposits, are more complicated to play (may rely on some knowledge of the stock market or other type of open market exchange), or don't pay out real cash at all.
Players, known as propheteers, can register (without the need to download any programs), start guessing, and earn cash points all in a matter of seconds. Propheteers will then begin competing with each other to see who can correctly predict events such as the outcome of a Major League Baseball game, who will be the next celebrity to enter rehab, or where the Dow Jones will close at on a particular day. Propheteers who correctly guess the outcome of an event are awarded points, which can be converted into cash payouts.
Some websites choose specific subjects for their players to predict the future on. For example, certain websites will offer only questions on political events, while others may be based entirely on celebrities. It has been found that predictive gaming websites catering primarily to sports fans have a strong following from the same types of players who enjoy fantasy sports. Knowledge of team statistics and player's rankings has proven to be a great competitive advantage. Similarly, fans of video sharing sites now have a video stock exchange where they can predict the popularity of videos. Players receive payouts weekly based upon the number of times a video has been viewed on the popular hosting sites.
Predictive games cover a wide variety of topics with thousands of questions to choose from.
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