Betting on the future
I'm amazed that the
Flipem site is legal, but apparently it is. It lets you place bets on a wide range of future events, and have the cyber equivalent of betting slips mailed as gifts to people who can then collect real money if they win.
For example, you can bet on the number of commercial jets mothballed in US deserts at the end of August, or on the style of shot that will win the 2002 World Conker championship. The site is based in the London, and benefits from recent relaxation in UK online gambling laws.
In many ways it is reminiscent of the
Foresight Exchange, but is a more commercial concept suitable for a dumbed-down age. At the Foresight Exchange, which has been going for at least seven years, no real money changes hands. Instead the point is to see how people expect the future to turn out. This can be gauged directly from the changing odds on the various predictions.
At the even more cerebral
Long Bets Foundation, set up last year by Kevin Kelly and other people mostly associated with Wired magazine, you can bet real money - but the minimum stake is $1,000 and all winnings have to go to charity.
But the present cultural climate is more suitable for Flipem. For example
Banzai, a betting show that spoofs a crazed Japanese game show, is a surprise hit on British TV at the moment.
Discuss