How is the TCM different than other real-money prediction markets like TradeSports and LongBets.org?
The main differences are that existing prediction markets and bet exchanges for real money rely on one of two mechanisms to assure that judging is beyond reproach: (1) a future event whose outcome is incontrovertible, or (2) a small panel of human judges (usually just one person). The “wisdom of crowds” judgment process outlined here allows the TCM to obviate the need for either condition by letting (a statistical sample of) all the people who are affected by the judgment decide the outcome for themselves. More importantly though, it creates a future Judgment event for Currents, which serves to ground the Claims in reality. More about this can be found here.
