Similar to Augur.net, except that we are looking to build a prediction market that is centralized and dedicated exclusively to Hollywood movies.
The idea is:
We will periodically (e.g. weekly) post upcoming releases of Hollywood movies, along with a number. With each posting we want to be able to include marketing graphics/video for that movie (e.g. trailer videos, poster graphics, etc.) That number represents the over/under of what that movie will make in terms of U.S. box office receipts 2 weeks post release date.
If after two weeks that film earns more in box office receipts, then those who bet the "over" will have won. Conversely, if after two weeks that film earns less in ox office receipts, then those who bet the "under" will have won.
We would like this whole site to be Bitcoin-based, so that no fiat money or money transmission is actually taking place.
People "bet" on the over/under using Bitcoin to fund their account with the site. Their account then shows a balance,...