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Play money prediction markets

ActiveGrant
$1,805raised
$2,400funding goal

Follow along on our discord: https://discord.gg/6Pu7VJyP

Project summary

PlayMoney is a community-run, open source prediction market platform. Over the past several months the project has gone from ideas on discord to a full-blown alpha, including a financial system with binary markets, daily quests and comments. Some features coming in the next few weeks include multi markets, category pages, user onboarding, etc...

What are this project's goals? How will you achieve them?

  • Create a stable and inexpensive to run prediction market platform that is engineered to exist indefinitely.

    • We have and will continue to make choices while developing to ensure the platform can run for relatively inexpensive server costs (goal is <$300/mo, currently $44/mo).

    • We aim to collect a small number of recurring donations to cover these costs and will not take venture funding.

  • Put the power in the hands of the community and those who pour so much of their time into it.

    • We are a fully open platform, both in code and governance.

  • Keep it fun.

    • We have made the conscious decision to optimize for fun and longevity, not profit.

How will this funding be used?

These funds will go towards covering server costs for the first year-or-so as we scale up. We hope to have user contributions setup in the coming months to help with long-term funding.

Who is on your team? What's your track record on similar projects?

We are a collection of some of the biggest contributors to Manifold including:

  • Development by: Case Sandberg and Tony Pepperoni

  • AMM code and mathematics by: Gabrielle

  • Economy and balancing by: Pat Scott

  • Playtesting and feedback by: SneakySly, Strutheo, Nikki, BTE, BoltonBailey, RemNi, and many others

What are the most likely causes and outcomes if this project fails?

Right now Case has the accounts that pay for hosting, database, etc. If Case got hit by a bus, eventually they would get shut down for non payment. While the code is all open source, we still pay providers to run it. Proposal: Figure out a way for community ownership of resources including donations and technology providers.

What other funding are you or your project getting?

We haven't taken any other funding at the moment. We plan to start collecting recurring donations from users in the near future. We do not plan to raise venture funding.

mdickens avatar

Michael Dickens

about 2 months ago

What are the main features PlayMoney has that Manifold lacks?

case avatar

Case Sandberg

about 2 months ago

@mdickens Most of the development to date has been to get to parity with Manifold and we pretty much have all the main features at this point. Some feature differences:
- Our AMM has now diverged from Maniswap and has native support for multi demential markets.
- We are doing double-entry accounting and are able to generate in-depth financial reports like these balance breakdowns:

I think structurally there are some big differences too:
- PlayMoney has been engineered to be cost effective to run serves for ~$200/mo (vs Manifold's $4k-$8k)
- PlayMoney is truly open source and encouraging contributions (vs Manifold which cant easily be developed locally by non-employees, and discourages contributions)

donated $50
NunoSempere avatar

Nuño Sempere

3 months ago

Congrats on getting to alpha

case avatar

Case Sandberg

3 months ago

We are officially out of Alpha! Come explore PlayMoney, now with Multiple Choice markets, market balance breakdowns, daily quests and leaderboards! https://playmoney.dev/

donated $50
Dglid avatar

David Glidden

3 months ago

Contingency planning in case Manifold goes under one day!

donated $50
astrosnat avatar

Osnat Katz

3 months ago

I've checked out your site, I think you have great UI and UX. I love that you're open-source and I appreciate your transparency. So I very much want PlayMoney to succeed

donated $10
Jason avatar

Jason

3 months ago

I appreciate the irony of using a Manif**d platform to fund the creation a community-controlled OG Manifold-like experience. :)