Former FTX Guys Launch Unholy Combination of AI and Prediction Markets Promising No Losses
UpsideOnly is a new AI-powered trading platform that allows users to engage in simulated trades without risking real money. The platform collects data from these trades to improve its AI model, which makes actual trading decisions. Users can earn rewards based on their insights, but the system is designed to ensure that no one loses money.
- ▪UpsideOnly is a fake trading platform where users trade stocks, cryptocurrencies, and commodities without real financial risk.
- ▪The AI model, BayesShield AI, uses data from user interactions to inform its trading decisions.
- ▪Users can deposit between $1 and $500 to potentially earn rewards based on their contributions to the platform.
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What if you could make trades on the global financial markets and never lose money? That’s the pitch of UpsideOnly, a new AI-powered trading platform from Perpetuals.com. While the idea is obviously compelling, there is a big catch. UpsideOnly exists as a kind of fake trading platform where human users trade stocks, cryptocurrencies, and commodities. The idea is that by engaging in these fake trades, humans are providing data to the company’s AI model, BayesShield AI, which then adds that information to what it already has by observing markets and its training data of historical…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Gizmodo.
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