IQ*

@joel_bkr Thank you! We were inspired by Manifold Market and we want to make it even more intuitive so it's not limited to high EQ individuals. We already have a couple hundred registered users.

@joel_bkr That's ok. Thank you for reviewing.

1. I believe there is a serious problem. Investment fraud is one of the largest fraud type in the world. Many get rich campaigns, trading scam advertisements are still common online, exploiting unsophisticated retail investors.

2. I see there is a potential to use play money predictions market to solve it because this topic has a direct financial influence to users, unlike some other topics that has low motivation to participate.

3. If this becomes successful, I see the potential to reduce investment frauds and increase online credibility.

@joel_bkr Market only open 5 days a week. 8 hours a day. Companies like to release earning report or announcement post market close. The current price is not really real-time.

@joel_bkr There are many attempts to get a price forecast. Analyst reports for 12 months price target. Future contract that is used for hedging. Discounted cash flow analysis to find a fair value. However, most retail investors doesn't have these knowledge and go to places like wallstreetbet, which has 14M subscribers and kind of indicate the problem still exist. There were posts being hyped up by stranger who has no proven record and caused a lot of damage.

WOC Street is a play money prediction market so liquidity is not an issue. The goal is to create a trusted prediction community with more credibility and less noise for investors.

For example

https://kalshi.com/markets/inxw/sp500-weekly-bracket#inxw-23aug18

Current asset price is based on current information available. This is future price forecast based on multiple factors like economic factors, market sentiment, fundamentals, technical analysis, market news...etc.