The End of Predictify

By Ocean in Featured, Prediction Markets

We at Dumb Agent have been long time fans of Predictify, not only as a source of fun bets, but as a plausible indicator of future trends.

It is therefore with a heavy heart that we announce the closing of Predictify.com. According to them:

Due to the tough 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 this may cause.

This doesn’t really explain much. We would like to add that, as we’ve mentioned on our Twitter feed, we don’t think they milked their site as much as they could have. The Iowa Electronics Market does more or less what they do, but had less liquidity. On the other hand, it was, and still is, used by many people as an indicator and an educational tool to learn about prediction markets. As far as we know, Predictify never once tried this.

That having been said, we will miss it. In four days it closes its doors.