The “Long Bets” website describes itself as an arena for “competitive, accountable predictions” where users can suggest predictions and bet on existing ones, while debating the matter on the website’s forums. Long Bets was started in 2003 as a project of The Long Now Foundation - a public education nonprofit foundation, based in California. The website has specific rules on making predictions and betting – for instance, it is imperative that the subject of the prediction must be socially or scientifically important. In fact, predictors and bettors must provide an argument explaining why the subject of their prediction is important and why they think they will be proved right. The current fee to publish a prediction is $50 and minimum stakes for a Long Bet is $200 from each side. |
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