RE: Introducing PredictIt | Trade on Outcomes, Win Massive Rewards
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Lmao yeah. It looks basically like the same thing at Hivepredict. Except the one I built lets people create markets using HIVE/HBD and supports all custom Hive Engine tokens, which allows communities to run their own markets. I also have markets that auto resolve for price and outcome for numerous sports. This appears to have something similar but only for prices.
This one also appears to make you use ACE instead of the approach I took where people are paid immediately in the designated market token (no deposit/withdrawal mechanism).
There are quite a lot of similarities, it's uncanny. Even right down to the use of a containerised post for the market. For Hivepredict I use Snaps by Peakd and let people comment which comments on the thread and Peakd has native support for market data embedding inside of the snap, you so get the market details without having to go to the site.
I will say where things differ is this appears to have adopted a shares approach instead of what I did which is a simple bet based approach instead of an order book. I originally was going to do Polymarket/Kalshi style shares approach, but without the liquidity and user numbers I don't think that approach works and taking a parimutuel approach where people put their stake into a pool (which has a time mechanic to prevent market sniping, etc) seems to work better.
Sadly Hive doesn't really have the active user numbers, liquidity and engagement right now. But just using a Hive Engine token might be different because it's more of an in-game type currency type of deal where my approach is more straightforward and transactional (with everything also done on the chain too).
So there are similarities in an idea they "stole" from you, that you "stole" from someone else, that was "stolen" from someone else that was "stolen" from what ever the first prediction market was ?
🤯
Both r polymarket's hive versions. 'Similar' word and 'stolen' word are different. Some people just love to imagine the worse case intentions.
Please point out where I or @beggars used the word stolen? Beggars has first comer advantage and it's a fair point.
It just felt like a pointless question. They are both prediction markets. They are similar. Duh.
You can't steal ideas, which is the reason you can't patent an idea. I don't think PredictIt stole anything either. The more apps on Hive the merrier. Fundamentally it works different to what I built. And I haven't made a secret my motivation was wanting a Polymarket or Kalshi on Hive. I see a lot of cool products outside of Hive that I want here, Polymarket is one of them.