BetMoose is our chosen provider to host the bets you find here on Betfair Metaphysical. A number of ‘predictions markets’ have existed in the past and may start up again, but BetMoose seems to be the one with the staying power and they are Canadian (=comfortingly nice). So How does it work?
BetMoose lets you bet on the outcome of future events.
Anyone can create their own futures contract (“bet”/”proposition”) under their own proposed terms. Anonymous and registered users place their wagers on the outcome they predict will come true. At the ‘Betting Deadline’, the betting stops, and a waiting period begins until the outcome time is reached. At the outcome time, the host sets the correct outcome. To prevent unfair resolutions by the host, bettors have 24 hours to report the problem.
Betfair Metaphysical is the host for the 2021 England and Wales Census bets detailed on this site.
As a host Betfair-Metaphysical earns a reputation from accurately resolving so there is no incentive to cheat. However, if any complaints are received, the payout is halted and a BetMoose moderator will decide the outcome. If the BetMoose moderator cannot reasonably decide the outcome, the bet is cancelled, and all funds are returned.
In order to use BetMoose you will need to have access to BitCoin. A wide range of organisations can facilitate buying, sending and recieving BitCoins. Betfair Metaphysical use Coinbase who have proved trustworthy and reliable for the last 5 years.