Bookmaker site

• I’ve been studying Rails and thinking about creating a web service.

• In a nutshell, it’s a site where you can do something like horse racing within a community!

• Concept:

• Someone sets up a community (e.g., AtCoder Community)

  • There are fictional Currency points within the group
  • Members can create events (e.g., “Who will win AGC044?“)
    • There are multiple choices, and community members can bet community currency on them
    • The odds decrease as more bets are placed on a choice
    • Essentially like a bookmaker

• Use case examples:

  • AtCoder Community
    • ex: Who will win the next AGC?
  • School Community
    • ex: Who will rank first in the next test? (ethical concerns exist)
    • ex: Which class will have the highest sales at the cultural festival?
  • Soccer Community
    • ex: Which country will win the World Cup?

• It only works within one community by circulating points (currency); it’s challenging to give it value across multiple communities.

  • Motivation for points can be managed through presentation and leaderboards, etc.

• Pros:

  • If it spreads within a community, it can be sustainable even with a small total user count
    • => Even if it doesn’t spread widely, I’d be happy if it’s used in a particular community

• Cons / Challenges:

  • The service won’t succeed unless users see value in the points
  • Negative perception towards gambling

#gambling #Might implement

Isn’t this like PolyMarket/Prediction Market (blu3mo)?

• I feel like I didn’t know such things existed in the crypto world back then (blu3mo)