Scaleable system and method for distributed prediction markets

A computer-implemented system for implementing a distributed prediction market comprising:

• a server computer coupled to the internet for communications;
• a software widget executable on a remote computer and arranged to enable communications with the server computer via the internet;
• DPM web application software code executable on the server computer, the web application including
• first logic for registering remote users who wish to register with the system;
• second logic for market provisioning, the second logic enabling a remote market-maker, via communication with the web application, to initiate a new market instance, the new market instance comprising a proposition having a true or false outcome, and having a maturity date/time at which the outcome will become fixed;
• and further enabling the remote market-maker to provide an interface on its web site for a remote user to participate in the new market instance via the market-makers's web site;
• the second logic including logic for generating code to enable a remote user to interact with the new market instance through a landing web page or through a widget operable on a remote web site, and means for downloading the generated code to a target landing page or widget, as determined by the remote user who initiated the new market instance;
• third logic for market execution, the third logic including an open-loop, event-driven function to receive a proposed bid from a remote bidder on a selected market, and to provide feedback to the bidder on the predicted effect of the proposed bid;
• and
• wherein the platform maintains and holds state on a live running feed of price statistics for each market instance hosted on the platform and the associated participants.