Follow along on our discord: https://discord.gg/6Pu7VJyP

Project summary

PlayMoney is a community-run, open source prediction market platform. Over the past several months the project has gone from ideas on discord to a full-blown alpha, including a financial system with binary markets, daily quests and comments. Some features coming in the next few weeks include multi markets, category pages, user onboarding, etc...

What are this project's goals? How will you achieve them?

• Create a stable and inexpensive to run prediction market platform that is engineered to exist indefinitely.

  • We have and will continue to make choices while developing to ensure the platform can run for relatively inexpensive server costs (goal is <$300/mo, currently $44/mo).

  • We aim to collect a small number of recurring donations to cover these costs and will not take venture funding.

• Put the power in the hands of the community and those who pour so much of their time into it.

  • We are a fully open platform, both in code and governance.

• Keep it fun.

  • We have made the conscious decision to optimize for fun and longevity, not profit.

How will this funding be used?

These funds will go towards covering server costs for the first year-or-so as we scale up. We hope to have user contributions setup in the coming months to help with long-term funding.

Who is on your team? What's your track record on similar projects?

We are a collection of some of the biggest contributors to Manifold including:

• Development by: Case Sandberg and Tony Pepperoni

• AMM code and mathematics by: Gabrielle

• Economy and balancing by: Pat Scott

• Playtesting and feedback by: SneakySly, Strutheo, Nikki, BTE, BoltonBailey, RemNi, and many others

What are the most likely causes and outcomes if this project fails?

Right now Case has the accounts that pay for hosting, database, etc. If Case got hit by a bus, eventually they would get shut down for non payment. While the code is all open source, we still pay providers to run it. Proposal: Figure out a way for community ownership of resources including donations and technology providers.

What other funding are you or your project getting?

We haven't taken any other funding at the moment. We plan to start collecting recurring donations from users in the near future. We do not plan to raise venture funding.