Predicting for Good: Charity Prediction Markets
blogAuthors
Credibility Rating
Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.
Rating inherited from publication venue: EA Forum
This EA Forum proposal is relevant to AI safety researchers interested in forecasting infrastructure and epistemic institutions, as better-calibrated prediction markets could improve collective reasoning about AI risks and policy decisions.
Forum Post Details
Metadata
Summary
This proposal introduces Charity Prediction Markets (CPMs), a mechanism where all winnings are donated to charity rather than returned to bettors, enabling real-money prediction markets that comply with CFTC regulations. Developed by Manifold Markets, the model aims to improve collective forecasting accuracy while directing funds to effective altruism-aligned causes. It represents a creative regulatory workaround to scale incentivized forecasting as an epistemic institution.
Key Points
- •CPMs require all winnings to be donated to charity, circumventing CFTC restrictions that prohibit real-money prediction markets where individuals receive winnings directly.
- •The model incentivizes accurate forecasting by allowing participants to direct charitable donations through their predictive skill rather than personal financial gain.
- •Manifold Markets is developing and seeking funding to experiment with and scale this charity-donation-based prediction market model.
- •The approach aligns with effective altruism goals by channeling prediction market proceeds to EA-aligned charitable organizations.
- •CPMs could serve as a scalable template for improving epistemic institutions without requiring regulatory changes to financial law.
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| Kalshi (Prediction Market) | Organization | 25.0 |
Cached Content Preview
Predicting for Good: Charity Prediction Markets — EA Forum This website requires javascript to properly function. Consider activating javascript to get access to all site functionality. Hide table of contents Predicting for Good: Charity Prediction Markets by Austin , harsimony Mar 22 2022 7 min read 13 42 Forecasting Funding request (open) Prediction markets Quadratic funding Frontpage Predicting for Good: Charity Prediction Markets Your project Does this proposal fall under one of the areas in our "Areas of Interest" page? If so, what area does it fall under? (It's fine if the answer is no.) Please describe your project in under 100 words. If the project has a website, what’s the URL? Please describe what you are doing very concretely—not just goals and long-term vision, but specifically what you are doing in the next few months. What’s the case for your project? [optional] If you have further materials for us to read (e.g. documents you've written for other potential funders), you can link to them here. You can also upload them below. If you have further materials for us to read (e.g. documents you've written for other potential funders), please link to them here. You can also upload them below. How long have you been working on this project, and how much has been spent on it? What has been achieved so far? Do you have any reservations about your project? Is there any way it could cause major harm? If so, what are you going to do to prevent that? Finances How much funding are you asking for? [optional] It can be helpful to provide a budget range: a minimal, mainline, and maximally ambitious version. Can you provide a rough budget? (Either in text, or as a linked spreadsheet.) Is this a non-profit or for-profit? If this is a for-profit, please explain the terms of the investment. (We’d strongly prefer that you keep it simple by using a standard YC SAFE. More complicated structures may take longer to review and/or be held to higher standards.) By when do you intend to have spent the money? Will you ask for more money at that point? If so, how much might you ask for? What will it look like if your project has gone poorly / just OK / well at that time? How much $/yr could this project plausibly productively use at maximum scale down the road? Please explain your answer. About you Who is applying? Please list your name(s) and location(s), as well as your LinkedIn(s) or personal website(s), if you have them. If this is a new project, please include this for all founders. What, if anything, is your involvement with the effective altruism community? (50 words only) If this project is less than one year old: for each of the people listed on the project: what’s the most impressive thing you’ve done? (50 words each, only) Other If you had any other ideas you considered applying with, please list them — we might be interested in them, too. (100 words only) Is there anything else we should know? 13 comments Summary: Prediction markets can al
... (truncated, 404 KB total)9858072aeea2a7f7 | Stable ID: MGZmZWE1Nj