Predictify today launched its web-based prediction platform that provides a simple, fun way to engage in current and future newsworthy topics. Members can find events that interest them, predict the outcome, build a reputation based on accuracy, compete against friends, and even get paid real money when they’re right. Best of all, it’s free to predict.

Predictify is based on the concept of collective wisdom, which combines the responses of a large number of users into a powerful collective prediction. Unlike surveys and polls, Predictify asks members to consider the likely outcome of an event, not their personal opinions or beliefs, and tracks each member’s historical predictive accuracy to identify experts among its user base.

Members can also post questions about future events and collect a large sample of predictions about the outcome. Predictify’s unique system captures the full distribution of predictions, not just the average, and provides easy-to-use graphical tools to analyze the results. Posting questions is free but for a small fee, members can keep the results private and filter by predictor demographics. Businesses and individuals can use this data to gain insight into future product releases, sales forecasts, consumer sentiment, or market trends, to name a few examples.

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