Project presentation on Startup Jam Baltics.

1. STOCKY – play and predict the future
Domas Monkus
domas@nous.lt
Nous
www.nous.lt

2. Who are the winners of Eurovision?
● Polls
● Expert opinions
● Statistical models
● „You mean who I'd like to win?“
● Insincere disclosure
● Incomplete information

3. Prediction markets
● Stocks are tied to events
● Stock payouts depend on the outcomes
● Stock prices correlate with the probabilities

4. Prediction markets
The benefit? Accuracy!
Iowa Electronic Markets: 2008 US President election
Democrats
Republicans

5. Prediction markets
Why?
● „Wisdom of the crowds“ (J.Surowiecki)
● Incentives for information discovery and
truthful revelation of beliefs
● Efficient market hypothesis

6. Stocky
Demokratai
Respublikonai

7. Why facebook?
A channel for:
● User acquisition
● User activation
● User retention
● User referrals
High trading volumes and thus a large
user base is necessary for forecasting
accuracy.

8. What's next?
● More markets
● Geo and social market recommendations
● Paid markets
● Growth

9. Public beta!
http://apps.facebook.com/stocky_beta/

10. Thank you