FactMachine is a web platform that turns public opinions into tradable prediction markets. Users vote on binary questions for free, predict the crowd’s outcome, and earn a share of fees when their forecasts are accurate; they can also trade positions on those markets. The service covers topics from pop culture to finance and is accessible via browser with an iOS app forthcoming.
Funding
Funding not disclosed
Founders
Product
Problem
People often have strong opinions on a wide range of topics but lack a structured way to express, test, and monetize those views, leading to fragmented discussions and no financial incentive for accurate crowd sentiment prediction.
Solution
FactMachine provides a web‑based platform that converts personal opinions into tradable prediction markets. Users vote for free on any subject, simultaneously forecasting the percentage of participants who will share their view. When a user’s prediction aligns with the actual crowd outcome, they receive a share of the fees collected from the market. The platform supports diverse categories—from pop culture to finance—and adds social features such as trader following, profile building, and seasonal leaderboards to encourage competition and community engagement. An upcoming iOS app will extend access to mobile users, allowing voting and trading from any location.
Target Audience
FactMachine targets individuals who enjoy expressing opinions and seeking monetary rewards for accurate predictions, as well as casual traders and community members interested in social competition around trending topics.
Features
- Free voting mechanism that doubles as a crowd‑sentiment forecast
- Fee‑sharing payouts for users whose predictions match the final vote distribution
- Wide‑range market creation covering pop culture, politics, finance, sports, science, and more
- Social layer with trader follow lists, personal profiles, and seasonal leaderboards
- Web‑only interface with a forthcoming native iOS app for on‑the‑go participation