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Reddit wants you to place bets to predict the future

Reddit

Reddit has introduced a new "Predictions" feature.

Illustration: Reddit

Reddit has launched a new feature that will allow users to predict the outcomes of real-world events and place virtual "tokens" as bets on the likelihood of their predictions.

The new feature can only be run by moderators and approved users in subreddits, every person who participates is given 1,000 free tokens for each predication "tournament," and people win more tokens if their prediction is accurate. The amount someone can win is based on the amount of tokens they bet, exactly like a traditional betting structure, except no actual money is exchanged.

The predictions rules prohibit trying to predict the outcomes of elections or discuss elections in any way, according to the FAQ.

Anna Kramer

Anna Kramer is a reporter at Protocol (Twitter: @ anna_c_kramer, email: akramer@protocol.com), where she writes about labor and workplace issues. Prior to joining the team, she covered tech and small business for the San Francisco Chronicle and privacy for Bloomberg Law. She is a recent graduate of Brown University, where she studied International Relations and Arabic and wrote her senior thesis about surveillance tools and technological development in the Middle East.

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