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Central Intelligence Marketplace

  Prediction Market - How it works  
  What is a market?
  Virtual money
  Why should I try?
  Is it free?
  How do I start?
  Share price
  Contract arbitration

  FAQ
  • CENIMAR provides a fully functional Futures Market (Prediction Market) that allows you to buy and sell Futures Contracts (Predictions of the Future).

  • The market uses virtual money that we provide to you for free. Anyone can participate.

  • You can try to exchange your virtual earnings for real US dollars.
   What is a Prediction Market?    
Say, for example, that we want to predict how much a typical US family will pay towards military spending during 2006?

At Cenimar, we would create a Futures Contract on this spending and we come up with a small number of probable answers (just like a multiple choice question). (For example, one possible answer might be that a typical US family will spend between $6,000 and $6,500 in military spending during 2006.)

Our Intelligence Agents (i.e. people like you!) then buy and sell Shares in these optional answers. At the end of the contract period, the Shares that have the correct answer become valuable and the owners of those Shares earn money. Shares in incorrect answers become worthless at the end of the contract period.

Since traders have a financial incentive to purchase Shares that will increase in value, it's likely that they will purchase shares in the options that they think are most likely to provide the correct asnwer.

Research has shown that when a sufficiently large group of knowledgeable participants estimate a future event they have an uncanny ability to get that estimate right. So we are predicting that your predictions will be right on the money!

During the contract period, Cenimar will analyze the consolidated trades and publish the resulting estimate for the entire world to see.

   What do I use for money?    
At Cenimar, we call our virtual money Intel (Intelligence) Dollars or just I$.

When you signup with us you start off with a I$250.00 signup bonus. After that, you get a weekly allowance of I$40.00 for every week that you login at cenimar.com. So, the more you participate, the more money you have to work with.

If you buy and sell wisely, you should see your account balance grow and you even have the option to try to exchange your Intel Dollars (with other Cenimar Agents) for real US dollars on the Cenimar Currency Exchange.

Remember that you don't need to wait until the end of a contract to earn money. If you suspect that a particular option is going to increase in value in the future then you can buy now and sell again before the contract period expires.

It's easy to get going. Signing up to use the market is as simple as confirming your email address.

   Why should I give it a try?    
  • It's Educational.

    To do well on the market, you will become familiar with things that affect the everyday life of you and the rest of the world.

  • It's Fun and Exciting.

    Everyone likes to be smart and earn money. At Cenimar, you'll be able to compare your efforts (both in predicting the future and in making money) with other traders from all over the world!

  • You have a chance to earn real US dollars.

    Don't forget that our Currency Exchange will allow you to trade Intel Dollars for US Dollars.

  • It's Free.

    Enough said!

   Is it really free?    

Yes! We (Cenimar) make money from the advertisements that appear on many of the pages of our site. This allows you to trade on our Futures Market for free.

We do charge a small commission if you exchange your Intel Dollars for US Dollars. But trades on the Futures Market itself are free.

   How do I get started?    

If you have already signed up with us, then just go to our Available Contracts page. From here you can browse the contracts and options available for trade. Just pick the Contract and Option you want to buy or sell, then click the Trade link to tell us how many shares you want to trade.

Give it a quick try and buy one share. All shares cost something less than I$10.00 - so it's a small part of your signup bonus. Once you have a feel for how it works, you can do your research and trade with confidence. Remember, much of the research information you need is here at cenimar.com in our World Factbook.

If you have not yet signed up then signup now! All we need is your email address. We will send you an email with a temporary password and simple instructions on how to log into our service.

You'll find out that Cenimar is a secure and reliable service. You'll automatically be switch to SSL secured web pages when you send us information, access your account or make a trade.

   How are shares priced?    

A Futures Contract at Cenimar targets a specific class of data (like the population of Europe), a future date and specific Source (like the CIA). The value of the data at that future date is initially unknown. The Source identifies whose value is eventually going to be accepted as the correct answer. (Identifying the Source is an important step since different sources may come up with different estimates for the same data.)

A typical Contract has 7 Options - each of these Options offers a different prediction of the data value at the target date. The Options are always created (by Cenimar) in such a way that one Option must (eventually) be correct while the others are wrong.

When Cenimar creates a new Contract there are no shares available. Special users (called Market Makers) are allowed to purchase Bundles of Options at I$10.00 per Bundle. A Bundle consists of one Share of each Option in a Contract. Traders who understand Limit orders can apply to become a Market Maker.

When a Contract settles (i.e. when Shares are converted to I$) a Share of the Option with the correct data value is worth I$10.00. Other Options are worth nothing. Note that this means that the net cost to Cenimar is zero since each correct Share earns the same as the initial cost of a Bundle.

While the Contract is active, the Market Maker sells Shares of the individual Options to other traders and those traders can also sell their Shares to other traders (or back to the Market Maker).

When a buyer uses the Cenimar Prediction Market to buy a Share from a seller, then the price that they agree on becomes the value of the Share at that instant in time. So, you can expect the value of a Share to vary between I$0.00 and I$10.00 as demand for the Option varies.

   Contract arbitration    

When we setup a Prediction Contract, we try to be careful to avoid ambiguity in the answers. We don't want our traders to be unhappy if they believe the wrong answer was declared. For each Contract we normally declare a specific source of data that will provide the official answer for a Contract. We also try to setup the optional answers (Options) so that all possibilities are covered. So, in the vast majority of Contracts, everyone can accept the answer with confidence.

However, occasionally we are surprised and a situation arises that was not anticipated when the Prediction Contract was created.

If such a situation occurs, Cenimar will normally first ask for feedback (via our forum) on how we should settle the situation (given the limitations of our service). Then, Cenimar will act as a judge and decide how to settle the situation.


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