Predictions with Electronic Stock Market
What is an ESM ?
With Electronic Stock Markets (ESM), you can expand your range of services with new possibilities for forecasting and market research.
How does it work ?
ESMs have their theoretical origin in the thesis of Austrian Nobel prizewinner Friedrich Hayek. Over 50 years ago, he said that prices are indicators of distributed information, according to which not only are stock exchanges possible but so too are many types of predictions.
The invention of the World Wide Web then also provided the platform to realize this on a large scale. In 1996, our company was one of the first to design suitable applications and to develop them further over time within our company and also in cooperation with universities.
Today, Internet participants can trade shares of politicians, political parties, business and financial matters and so on via an Internet platform. Traders have the opportunity to win prizes and have fun, while the operating company obtains outstanding forecasts about election results or economic indicators.
- Example for a possible use
Possible uses
An ESM enables you to answer a large number of questions as long as they follow a few basic conditions and are not of a short-term nature. These may include, for example:
- Political elections
- Economic indicators such as annual economic growth or quarterly unemployment figures
- Sporting events such as world championships or league competitions
- Entertainment issues such as award ceremonies
- In-house, e.g. for project monitoring or sales figures
How it can benefit you
With an ESM, you can pursue many goals in the context of websites:
- Increase your range and thus market your online advertising better
- Make the most of user-generated content and put the predictions to use
- Generate a community and create a regular user base
- Attract suitable sponsors for a particular topic
- Use this tool for in-house optimization measures
Further information
Take advantage of our experience spanning more than 12 years with over 50 prediction markets executed.
