The thrill of betting.  The power of giving.

Prediction market pioneer NewsFutures just launched a new website that lets online bettors compete to raise funds for their favorite causes.

bet2give is a real-money prediction market where you grow your account with investments in smart predictions about the future, then give your winnings away to non-profit organizations of your choice. Topics cover sports, finance, politics, the war on terror, Iraq, and various current events in between.

Because participants cannot profit financially or materially from their successful bets – all the money won or lost eventually goes to non-profit organizations – bet2give is obviously not a “gambling” venue. According to the founders, the bet2give value proposition is something else altogether:

“Since you're betting directly against other people, you are effectively competing to divert their funds to your favorite causes -- and they're trying, of course, to do the same thing unto you,” explains Maurice Balick, who co-founded of NewsFutures with childhood friend Emile Servan-Schreiber: “On bet2give, those who are best at predicting the future also get to decide how to improve the future, one donation at a time.”

“By combining the thrill of betting and the reward of giving, bet2give delivers a unique and powerful emotional experience”, continues Servan-Schreiber. “Rather than competing with existing channels of online giving, we are betting that bet2give will contribute to enlarge the online fundraising plate for all sorts of worthy causes that people believe in, all the while providing great entertainment and valuable collective predictions backed up by real money.”The bet2give prediction market is located at http://www.bet2give.com

 More information about how the market works can be found here: http://www.bet2give.com/b2g/guide.html

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