I Bet You $1 Every Billion $ Company Does This

Wanna bet?

Prediction markets in big businesses are coming.

I bet you $1 prediction markets in startups and $B businesses are in 70% of them within 10 years

They are a unique mechanism to ensure better decisions are made by forcing the people contributing to the choice to have skin in the game. It ensures you develop not just an opinion on the projects you are contributing to, but independently verify them to ensure accuracy.

It’s radical transparency on steroid

Everyone will receive virtual chips to stake on events, which will enable the success rate of team members to be tracked against all scenarios. It encourages people to verify their own opinions before they stake their choice blindly in order to ensure groupthink does not prevail.

• Should we proceed with project X or not?
• What will be the outcome of A/B test?
• How much would you stake on its success or failure?

Skin in the game for all the team in a way which is measurable.

Force people to seek truth and research it. Diversity of thought and opinion is required to uncover any holes in the collective reasoning of the team.