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News through prediction markets

ACX Grants 2024
🌽

Marcel van Diemen

ActiveImpact certificate
$499raised
$500,000funding goal
$500valuation
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Moonshot bet on mainstreaming prediction markets

  • The Base Rate Times is an early-stage news company that prominently incorporates prediction markets into its coverage.

  • Our ambition is to become a mainstream media source, mirroring the success of FiveThirtyEight in popularising prediction polls.

  • Think “like 538, but for prediction markets”!

10x solution to fake news & vague verbiage

  • For example, one headline reads: “German spy chief sees no 'cracks' in Putin system”. Another contradicts: “Putin 'dead man walking,' former CIA chief says”.

  • By contrast, multiple prediction markets all show Putin >90% likely to stay in power (as neatly summarized on BRT).

  • Glancing at a single chart of forecasts is more informative than reading ten articles.

Mainstream headlines optimise for storytelling, not accuracy

  • For example: “Taiwan braces for China's fury over Pelosi visit”. Great clickbait, but ambiguous about the risk’s magnitude.

  • By contrast, BRT’s headline: “China-Taiwan conflict risk 14%, up 2x after Pelosi visit”.

  • This is an actionable insight - it can inform your expected value calculations on whether to flee Taiwan, for example.

Fills gap in the ecosystem

  • There are numerous well-funded prediction platforms now, but their forecasts have not been extensively used by the media and content creators.

  • BRT seeks to bridge this gap by sharing insights from prediction markets in an engaging way.

  • The money will be used to create compelling content across X/Twitter, YouTube, TikTok and other major social media platforms.

Describe why you think you're qualified to work on this

  • I built the MVP and grew it to ~5k followers within months.

  • List of celebrity endorsements: https://docs.google.com/document/d/1VpXWU0UVVmq6_2MhBwq7K9AGT6A4GncQ25Jm-bACT_E/edit?usp=sharing

  • I have a track record of success in a different domain (corporate career) and experience managing projects, owning a P&L, etc.

Other ways I can learn about you

  • https://twitter.com/base_rate_times

  • https://www.baseratetimes.com/

  • Ask me anything (or just say hello): https://calendly.com/baseratetimes/meeting

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🌽

Marcel van Diemen

The Base Rate Times

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