CMC 004 - John Phillips, PredictIt Co-Founder and CEO
Welcome back to the Crowd Money Cast, the podcast about real-money prediction markets. Normally, every month Clay and Andrew sit down to discuss the latest news in the prediction market space and talk about the trades we’ve made or recent idea’s we’ve had, before interviewing key players in the space. However, it has been a busy past few weeks for the Crowd Money Crew! That’s why in today’s fourth episode we will be skipping the conversation between the two of us and head directly into our extended interview with PredictIt co-founder and CEO John Phillips.
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Since launching in 2014, PredictIt has hosted a swath of political and economic indicator markets for prediction markets users to trade on. While other prediction markets have questions relating to politics, no platform we are aware of comes close to matching the breadth of PredictIt’s offerings. If you are interested in trading on political markets, PredictIt is the platform for you. Despite operating out of a New Zealand university, the platform has achieved a large user-base, large share volumes, and relatively substantial coverage of their markets by mainstream news outlets such as CNBC and Axios.
In this interview, we talked with John about the origins and inspiration behind PredictIt, how the media should be using forecasts and information from prediction markets, how campaigns are using information from the platform, his perspective on CFTC regulation and the limits placed on PredictIt, where he sees the space heading and how PredictIt fits into it, and so much more.
If you enjoyed our conversation with John, consider subscribing for free at crowdmoney.io or sharing the podcast with a friend.
Interested in joining PredictIt? Use referral code ‘CrowdMoney20’ to get up to $20 reimbursed on your first day of trading! http://predictit.org/promo/crowdmoney20
#CrowdMoneyCast #PredictIt
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