Reddit wants your help in predicting the future.
The tumbrl lucahdiscussion platform announced Wednesday that it's rolling out Prediction Tournaments to all Reddit communities with 10,000 or more members. Similar to a prediction market, which lets players bet real money or cryptocurrency on real-world outcomes, Reddit's Predictions allows users to stake tokens on certain results in moderator-created tournaments.
With each successful prediction winners can gain more tokens, a company blogpost explains, and along with them "status." Participating Redditors are given 1,000 tokens to kick things off at the beginning of a tournament, and, crucially, the tokens are free.
The Predictions feature was tested in at least two popular subreddits, r/tennis and r/cryptocurrency, and as one might expect it involved wagers about bitcoin price movement and the outcomes of tennis matches.
"When a user is correct in their prediction they gain more Tokens based on how much they put in," continues the blog post. "The better a user's predictions skills, the higher they climb on the community Predictions Tournament leaderboard."
There are some restrictions, however. "Predictions can't be about elections or outcomes of elections," explains a moderator help page.
Only moderators, or moderator-approved users, can create Prediction Tournaments.
Reddit is not the first platform to attempt a gamification of crowdsourcing, though others like PredictIt have upped the stakes by involving actual money instead of free tokens.
Reddit Prediction Tournaments, should they catch on, could allow for unique polls of interest-focused communities — hopefully providing some larger insight in the process. What do a bunch of lawyers, for example, think will be the outcome of a high-profile trial? Why not run a Prediction Tournament in r/legaladvice and find out?
SEE ALSO: Reddit is selling NFTs, and somehow they're already worth thousands
There is, of course, another slightly more annoying possibility. Prediction Tournaments might spawn the creation of an entirely new kind of internet personality: the poster who claims to always be right, and has the Prediction Tournament tokens to back them up.
Topics Social Media Reddit
Nothing reveals launch date for its next flagship phoneWeChat removed from US’s soJames Webb Space Telescope sees a much hairier spiral galaxy than HubbleWhy an outCATL strikes deal for world’s first 24/7 renewable project in UAE · TechNodeWatch NASA bring Artemis home with a spectacular splashdown and recoveryBlack Myth Tmall flagship store launches ahead of Lunar New Year · TechNodeBlack hole vomits years after gobbling up a starNVIDIA and Oracle oppose new US AI chip regulations · TechNodeJames Webb Space Telescope sees a much hairier spiral galaxy than Hubble Health & Book Fair at ESGVJCC ‘A True American Hero’ ChainGPT's Standout Moment at TOKEN2049 Rep. Takano Statement on Senate Passage of His Korean American VALOR Act ‘We Said No! No!’ to Air on KVCR JANM Receives $10.4 Million Endowment to Establish Toshizo Watanabe Democracy Fellowship Man Charged in Murder of His Wife, In International Defi Conference Puts Future of Fintech in Focus ‘Japan’s Winter Wildlife’ at GLA JACL Meeting Blockchain Life 2024 in Dubai: A Legendary Gathering of Market Insiders
0.1628s , 12122.859375 kb
Copyright © 2025 Powered by 【tumbrl lucah】Enter to watch online.Reddit's new betting feature puts your crystal ball to the test,