Frenzy – Real-time prediction market where every trade resolves in 5 seconds
frenzy.finance
frenzy.finance
How about building a real-time choice market?
Person: Should I go to McDonald's or KFC for lunch?
Let the userbase bid, and have the Person post pictures of him/herself dining at whatever choice is taken as proof.
The real innovation is letting the subject of the prediction now cooperate with it. Why hide it?
It's just an auction house for a given outcome.
You could use verified accounts on X to authenticate the Person - they're the ones that get the money for the outcome. The other use case is for the Person to pick the outcome they want to follow, rather than them having them only accept the highest bid.
The outcomes could be externally created and the Person then notified, or generated by the Person him/herself.
Possible name for this: Choyfe - choice/joy/life
One thing to watch out for is a Person paying themselves for a choice. Sort of like buying your own book to make it a NYT bestseller. That'd be useful to make things appear more popular than they actually are and a way for someone to get out of choice they don't want to take. Just put more money into the desired choice. Perhaps the Person has to approve of an externally generated choice for it to become biddable.
People will want to follow the best traders and mirror their strategy - is there a way to automatically do that and attract smart whales onto the site? They could take a fee from their mirror list who are replicating some/all of their trades.