Outlook Not So Good: Predictify Heads To The Deadpool

August 7, 2009 ·Filed Under Technology News

Predictify, a prediction market that launched back in 2007, is closing its doors. The service allowed users to vote on potential outcomes for current news stories (it likened itself to a “fantasy sports for everything else”). Users could have their accuracy measured across multiple polls, both on the site’s central hub and on partner sites, and the most clairvoyant of them were featured on the Predictify leaderboard.

Last year, the site seemed like it was starting to pick up steam: by summer 2008, it had forged partnerships with The Washington Post, The New York Times, and the San Francisco Chronicle, and it subsequently got CBS News as well. News sites liked Predictify considering it could potentially increase reader engagement. Along with its media partnerships, Predictify plus offered “Premium Questions”, which allowed businesses and market researchers to pose questions to the Predictify user base for a fee. The most accurate users would receive a portion of the money generated

by the Premium Questions, and marketers were entitled to all of the resulting input (including demographics).

The site has posted the following:

Due to the durable economic climate, we are planning to cease operations and shut down the company in the near future. As such, we are no longer approving or scoring questions and apologize for any inconvenience that may cause. whether you have an detail balance of $20 or more, please visit your history page and enter your withdrawal info by 11:59pm on August 31, 2009 to receive payment.

We sincerely enjoyed building and operating Predictify, and we’re glad that you could be a part of it.

The Predictify Team

Predictify has been added to the Deadpool.

Crunch Network: CrunchGear drool by the sexiest new gadgets and hardware.


Comments

Got something to say?