Facebook Launches Global Gambling Platform

Ever wanted to trade and invest in the predictions of random global affairs through the comfort of your facebook account?

Well now you can.

npe.fb.com...

Forecast is a community for crowdsourced predictions and collective insights. Since launching in June, we’ve heard from our small, but dedicated community that they want simpler ways to forecast, and to discuss what’s happening now: from the future of business, to sports, to the US 2020 election. So today, we’re opening Forecast to everyone in the US and Canada, and making the most engaged-with questions — about news and current events — easier to find, forecast, and share. 

Forecast is built around a prediction market: an exchange where people use virtual points to trade on outcomes of future events. Since June, the Forecast community has made more than 37,000 forecasts on hundreds of questions asked by other users. Beyond the predictions themselves, we think what makes Forecast interesting is the discussion people have.

In the process of reasoning about their predictions, people share insights about what’s going on today and debate what it means for tomorrow. Like any set of predictions, Forecast cannot offer definitive answers about the future. However, as we’ve learned in our initial testing, when people take time to explain how they arrived at their forecasts, it appears to encourage measured, respectful conversation.

That's right, now in the US and Canada, sorry Europe, Asia, Africa, Australia and Antarctica, you don't get to join in the fun, you too can spend your money based on the predictions of some people on the internet, all through the convenience of facebook. Wonder what kind of fun predictions will rise to the top.

Come on everybody, doesn't it sound great?

The smell of money laundering is overwhelming.

Now YOU can be charged with insider trading too!

Install now!

a reply to: dug88

I do it regularly on Facebook on pages such as Raw Story and Worldwide Socialist network.

Those folks pay me in tears, every time, on time.

Withdrawal of soul credits are up to quantum speed...

This is just more data mining on people who just can't seem to get what's really going on in the tech world.

I'm willing to bet, no pun intended, that there's some algorithm or AI integrated into this scheme to monitor all types of social "thermometers" amongst the populace.

Sure, it's already being done, but it's never enough nor will it ever be.

Everything we do and think is being monetized. Ad revenue is down quite a lot, this is just another roll out in another direction but with the same expected results.

Your info and your mind = $$$$$$.

Share away....🙄

In the process of reasoning about their predictions, people share insights about what’s going on today and debate what it means for tomorrow. Like any set of predictions, Forecast cannot offer definitive answers about the future. However, as we’ve learned in our initial testing, when people take time to explain how they arrived at their forecasts, it appears to encourage measured, respectful conversation.

Oh there is so much that goes through my mind what the real intentions could be and how it can be abused.

If it becomes big enough and commerce or the customer starts to listen or trust these forecasts, attention is enough though, the have a powerful influence tool.

As of now, they "just" sell the private data so other companies can make money from you, by targeting you with ads. If they now have a lot of metadata on peoples reasoning, they could sell much richer and deeper psychological data about the fb user.

Money laundering, market influence, opinion swaying... it's all in this too.

a reply to: dug88
Interesting. A new conspiracy theory forum, not just monitored but moderated by TPTB, and designed to attract conspiracy theorists away from any other outlet.

a reply to: dug88

Looks to complicated for a trucker. lol

originally posted by: EternalShadow
This is just more data mining on people who just can't seem to get what's really going on in the tech world.

I'm willing to bet, no pun intended, that there's some algorithm or AI integrated into this scheme to monitor all types of social "thermometers" amongst the populace.

Sure, it's already being done, but it's never enough nor will it ever be.

Everything we do and think is being monetized. Ad revenue is down quite a lot, this is just another roll out in another direction but with the same expected results.

Your info and your mind = $$$$$$.

Share away....🙄

This is exactly what it sounds like to me. I've worked in IT for decades with a lot of time spent working on data-warehouse/data-stores. Some of the metadata that they have been unable to collect can now be captured and that is simply trend-analysis based on "hypothetical" activity. What "might" happen vs what did happen. Hypothetically instead of clicking a link and them capturing that event, they'll now be able to track if you were considering clicking that link, so to speak.

Makes sense actually from a metrics standpoint

Does no one see this as REALLY BAD?

This isn't about gambling. This is about predicting outcomes with astonishing accuracy. Predicting the future if you will.


Let me make this perfectly clear. This is not an 'Average of a Function' as you would apply in math. This is different level stuff.

There was a study done on this where they found that people in groups guessing on a correct answer, when you average the answers, the average will be the correct answer. They've used this with numbers as well with the same outcome.

I'm looking for that information. I'll post the source when I can find it.


So not only is FB selling your information but they're also using you as a data miner and a future prediction tool.



If I were an evil genius in the 2020s, what would I do with today's tech? I'd use people as batteries while pushing for quarantine so I can force people to spend more time working on my project, making me billions while the real job they have that they actually get paid for, forces them to rely more on government money to survive... Hmmm Seems 2020 is playing out just right for me to control whatever I want.

Didn't we see a lot of movies in the recent years like this? Humanity has done some seriously nutty stuff in our history but man... We really raised the bar the last few years.

Is that the idea? We just beat the hell out of that bar and see how messed up we can get? I think 2012 came and half of humanity turned to animals.

24/7/365 access to wagering on arbitrary events, brought to you by the good folks at Facebook.

What could possible go wrong....