3min chapter

Institutionalized cover image

Prediction Markets with Stephen Grugett

Institutionalized

CHAPTER

Play Money

Calcy is a money prediction market. It uses play currency called manifold dollars, or manna for short. People can become extremely invested in the world of a game to the point where he the things that they are doing have real world economic impacts. Calcy: "People actually underrate the importance and the the ability of play money to work"

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