HubDub: news bets

Recently, the Web has a new promising project called HubDub . In essence, this is a web-site of a web-format of news, but with one distinctive feature that makes it unique.

The fact is that every registered user of HubDub can bet on this or that news. After registration, the user receives 1000 virtual game money ("Hubdub dollars"). When reading news (a box full of them, starting from politics and ending with technologies), you can bet on one or another outcome of the events described in the news. Options predictions, however, are determined by the administration. Say, after reading the news about the launch of a research satellite to Mercury, you can vote on whether water will be detected on Mercury (or at least any hints that it was there) or not. If you have guessed it, then you will receive into your account a certain amount of game dollars. Otherwise, the money is lost.

The creators of HubDub assume that their site will be popular for the reason that many people like not so much the process of earning (or losing) money on betting as the fact that they are right on one issue or another. Like it or not - the tenth case. But the idea itself, embodied on HubDub, is quite interesting.

via Techcrunch