The landscape
Deployed contest platforms, prediction markets, and the mechanisms they run, classified by what participants submit, how it settles, whether an aggregation stage exists, and what state threads between rounds. Surveyed July 2026; corrections and additions welcome by PR.
The classification follows the algebra paper: a stage consumes reports, threads a state (wealth, reputation, stake), and emits an aggregate plus transfers. Multi-stage below means one mechanism's output is the priced or scored object of another, not merely a repeated game. The Chaining column marks entries with that structure, and any column header can be clicked to sort. One further axis matters: whether the reused output is a point (a price, a projected winner), which is ordinary derivative structure, or probabilistic (a distribution, percentile, rank), which is rare; the closing section keeps the two apart. Statuses with (?) could not be fully verified.
Probability markets
| Platform | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Polymarket | trades | order book, on-chain settlement | — | price | wealth | live | 2020 |
| Kalshi | trades | regulated order book (CFTC DCM) | — | price | wealth | live | 2021 |
| PredictIt | trades ($850 cap) | order book (no-action letter) | — | price | wealth | live | 2014 |
| Iowa Electronic Markets | trades | order book (academic) | — | price | wealth | live | 1988 |
| Betfair Exchange | back/lay bets | order book on odds; Betfair SP reconciles the book parimutuel-style | — | odds | wealth | live | 2000 |
| Smarkets | trades | order book | — | odds | wealth | live | 2008 |
| Futuur | trades | AMM (LMSR family) | — | price | wealth | live | 2017 |
| Hypermind | trades (prizes) | order book + curated panels | — | price + panel | reputation | live | 2014 |
| Manifold | trades (play money) | AMM; derivative and self-referential markets on other markets exist | ✓ | price | play wealth | live | 2021 |
| Metaculus | probabilities, CDFs | proper-score leaderboards | — | community aggregate + internal recalibrated model | reputation | live | 2015 |
| Zeitgeist | trades | on-chain AMM + dispute staking | — | price | wealth, stake | live (?) | 2021 |
| Azuro | bets | peer-to-pool AMM | — | pool odds | wealth, LP stake | live | 2022 |
| Insight Prediction | trades | order book (crypto) | — | price | wealth | live, thin (?) | ~2022 |
| Drift BET | trades | order book (Solana) | — | price | wealth | launched 2024 (?) | 2024 |
| Hollywood Stock Exchange | trades (play money) | dealer market maker | — | price | play wealth | live | 1996 |
| Augur | trades | on-chain book + staked dispute rounds on the reported outcome | ✓ | price | wealth, REP stake | defunct | 2018–~2022 |
| Intrade | trades | order book | — | price | wealth | defunct | 2001–2013 |
| SciCast / DAGGRE | trades (play money) | combinatorial LMSR | — | price | play wealth | defunct | 2011–2015 |
Polymarket also lists markets whose subject is a named forecaster's output (the Nate Silver markets of 2024 onward): a real-money market on a forecast, which is a genuine two-stage structure. Dispute layers (UMA's optimistic oracle resolving Polymarket, Kleros appeals, Reality.eth bond escalation) are staged bonded games on a first-stage answer rather than second-stage markets.
Forecasting tournaments and polls
| Platform | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Good Judgment Open | probabilities | Brier leaderboards | — | community aggregate; feeds Superforecaster selection | reputation | live | 2015 |
| Good Judgment Inc | probabilities (vetted panel) | paid panel | — | proprietary weighted pool | reputation | live | 2015 |
| RAND Forecasting Initiative | probabilities | score leaderboards (ex-INFER, ex-Foretell) | — | algorithmic crowd aggregate | reputation | live | 2020 |
| IARPA ACE / GJP | probabilities | multi-team tournament | — | aggregation was the research object | reputation | over | 2011–2015 |
| IARPA HFC | human-machine probabilities | hybrid forecasting tournament | — | hybrid aggregation | reputation | over | 2017–2020 |
| M-competitions | points, intervals, quantiles; M6 added portfolios | one-off prize contests | — | post-hoc analysis only | none | M6 complete; no M7 announced | 1982 |
| Estimize | point estimates (EPS, macro) | leaderboard | — | weighted consensus resold as a quant data product | reputation | live | 2011 |
| Kaggle | model predictions | leaderboard prizes, hidden test set | — | none | reputation | live | 2010 |
| Replication Markets | probabilities | play-money LMSR + surveys | — | market vs survey comparison | play wealth | over | 2019–2021 |
Quant and staked tournaments
| Platform | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Numerai | equity predictions | NMR staking, burns; paid CORR and marginal contribution | ✓ | stake-weighted meta-model trades a hedge fund | stake | live | 2015 |
| Numerai Signals | user-sourced signals | NMR staking | ✓ | Signals meta-model into the fund | stake | live | 2020 |
| Numerai Crypto | token rankings | NMR staking | ✓ | crypto meta-model | stake | live | 2024 |
| CrunchDAO | model code on hidden data | prize pools, USDC payouts | ✓ | ensemble delivered to clients; crunchers also feed Bittensor SN6 | reputation | live | 2021 |
| WorldQuant BRAIN | alphas (code) | consultant contracts paid on out-of-sample alpha | — | alphas combined into internal portfolios | reputation | live | 2016 |
| Quantiacs | trading systems | live out-of-sample contest, allocations | — | none (selection, not pooling) | track record | live | 2014 |
| QuantConnect Alpha Streams | algorithm signal streams | licensing marketplace | — | fund-side selection | reputation | defunct (~2022) | 2018 |
| monteprediction | 220 joint scenarios, 11 sector ETFs, weekly | density-proportional pot split; wealth threads across rounds, penalty for missing a week | — | community joint distribution and moments | wealth | live | 2024 |
| microprediction | 225-sample distributional submissions on live streams | repeated nearest-the-pin lotteries | ✓ | community CDF per stream; z-streams and bivariate/trivariate dependence streams were themselves contested | wealth | defunct | 2019–2023 |
Crypto forecasting networks
| Network | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Synth (SN50) | Monte Carlo price-path ensembles | CRPS-scored, softmax emissions | — | pooled into a synthetic-data product for DeFi | stake | live | 2025 |
| Numinous (SN6) | event probabilities, forecasting agents | Brier-scored emissions | ✓ | consensus model; targets and resolution are Polymarket markets | stake | live | 2024 |
| Taoshi PTN / Vanta (SN8) | trade signals | scored track records, emissions | — | signals packaged into products | stake | live | 2023 |
| Ocean Predictoor | staked up/down predictions (5 and 60 min) | parimutuel slash-and-redistribute | — | stake-weighted feed sold to bots | stake | live | 2023 |
| Allora | inferences; a second tier forecasts the workers' losses | performance-weighted emissions, EMA reputation | ✓ | on-chain synthesis of both tiers | stake, reputation | live | 2025 mainnet |
| Zeus (SN18) | gridded weather fields | error-scored emissions | — | best-miner selection | stake | live | ~2025 |
| Precog (SN55), Sportstensor (SN41) | price / sports forecasts | scored emissions | — | aggregate prediction | stake | live (?) | ~2024 |
| Pond | ML models | competition prizes | — | winning models deployed into agents | points | live | ~2024 |
Totes
| Operator | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Ellerslie — Julius Totalisator | bets | the first automatic totalisator: George Julius's electromechanical machine computed and displayed parimutuel pool odds live (Ellerslie Racecourse, Auckland) | — | pool odds | wealth | historic (first of its kind) | 1913 |
| US racetrack tote | bets | separate parimutuel pools per bet type: win/place/show carry the margins, exacta/trifecta/pick-6 the joint orders (daily double 1931, exacta 1960s, trifecta 1971) | — | pool odds per pool; Harville map is the cross-pool consistency condition | wealth | live | 1870s |
| Hong Kong Jockey Club | bets | parimutuel at the largest per-race scale | — | pool odds | wealth | live | 1884 |
| Japan Racing Association | bets | largest tote by handle | — | pool odds | wealth | live | 1954 |
The tote is the oldest margins-and-dependence market structure we know of, and it is parallel, not chained: marginal and joint pools run simultaneously on the same races, neither settling on the other's output, with consistency between them left to arbitrage. The documented win-versus-exotic strategies (Hausch–Ziemba–Rubinstein and successors) are that consistency trade.
Financial-market analogues
| Market | Submits | Mechanism | Chaining | Aggregation | State | Status | Since |
|---|---|---|---|---|---|---|---|
| Two-settlement electricity | offers, bids | day-ahead auction, then real-time settlement with deviations from day-ahead positions in the settlement formula; same commodity settled twice (PJM, CAISO, ERCOT, EU) | — | locational prices | wealth (collateralised) | live | 1990s |
| Virtual / convergence bids | purely financial bids | instruments written on the day-ahead stage's output: payoff is the day-ahead-to-real-time price spread, a bet on the first stage's pricing error | ✓ | — | wealth | live | 2000s |
| FTR / CRR auctions | bids on congestion spreads | instruments settled on day-ahead congestion prices, a derivative on the first market's published output | ✓ | auction prices | wealth | live | 1998 |
| Index-vs-single-name dispersion | option trades | parallel books: single-name options carry the margins, index options the joint; implied correlation is the consistency variable, traded by arbitrage | — | implied correlation | wealth | live | ~1999 |
| CDO base correlation | tranche trades | parallel books: single-name CDS carry the margins, tranches the dependence; the base-correlation curve is the consistency variable | — | base correlation curve | wealth | largely historical | 2004–2008 |
| CME weather derivatives | futures, options on degree-day indices | exchange order book | — | prices | wealth | live | 1999 |
The structures, kept distinct
Chained on point outputs (one market's price is the settled object of another): every derivative, and in electricity the virtual bids and FTRs written on day-ahead prices; Polymarket's markets on Nate Silver's projected winner; Numinous scoring against Polymarket resolutions; Allora's second tier predicting the first tier's losses; Numerai paying marginal contribution to its meta-model. These are translations of a point output, ordinary derivative structure, ubiquitous and old.
Chained on probabilistic outputs (one mechanism's distribution, percentile, or rank becomes the message or settlement transform of another): the retired microprediction platform's z-streams and dependence streams. Manifold's resolves-to-market markets settle one market at another's displayed probability, which for a binary event is its whole distribution, but with no exogenous outcome anywhere in the chain there is no proper scoring anchor: the equilibrium is indeterminate, and these run as play-money beauty contests. We know of nothing else.
Parallel factored (margins and dependence in separate simultaneous books, neither settling on the other, consistency left to arbitrage): the racetrack tote's win versus exotic pools; index versus single-name option books (dispersion); tranches versus single-name CDS (base correlation). Separate pools are not chaining; the books can disagree, and the documented strategies trade the disagreement.
Repeated with threaded wealth (one game, state carried across rounds): monteprediction, and the totes and exchanges round by round.
Nothing live chains probabilistic output, distributional elicitation into residual or dependence markets with wealth as the routed state. That gap is the subject of the algebra paper's open problems.