“Biblical Levels of Insider Trading”: New Prediction Market Monetizes Anything in Livestreams
"What if any livestream could become a prediction market?" The post “Biblical Levels of Insider Trading”: New Prediction Market Monetizes Anything in Livestreams appeared first on Futurism .
A new prediction market called "CRSHMARKET" has entered the market, apparently aiming to compete with the widespread insider trading observed in other platforms. The platform, created by 21-year-old Evan Rama, allows users to bet on virtually any event that happens during a livestream. This includes gamers on Twitch, as well as "IRL streamers" who film themselves causing a public disturbance on platforms like Kick.
CRSHMARKET boldly claims to have created "markets that have never existed before" with questions like "Will her Uber arrive in under 2 minutes?" or "Will he score the next goal?" The company's marketing ploy, sparking disagreement among netizens, led to concerns about the potential for "biblical levels of insider trading and money laundering."
CRSHMARKET's CEO and co-founder, Evan Rama, is also the founder of a "live college dating show" named KupidTV. KupidTV is currently facing a lawsuit for allegedly launching a bot attack on a competitor after refusing a buyout offer. In April, Rama announced that KupidTV was rebranded as CRSHMARKET. The CEO recently claimed that CRSHMARKET has surpassed $10 million in trading volume within just 45 days, boasting about his team's "mastered virality" on X.
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