PredictionStrike Sport Stocks

I usually never leave bad reviews on apps, but you can only purchase shares and sell shares that you own. There is no shorting, when a player is doing bad you cannot predict that, and who ever got in when the app was made has an insane amount of shares that makes them a whale especially with all the 5x deposits they were giving out (this inflated the value of shares and gives more power to whales). The idea is great attempting to turn sports into stocks, but the execution is costing people a lot of money. A lot of people who are uneducated about markets will lose even if they are best sports bettor in the world. When you are not allowed to short something the markets will not be equalized. There will always be someone ahead of you with more shares than you selling over your head instead of losing money. If you got in early good for you, but if your didn’t good luck to you. They essentially made this app with one thing in mind Money, and it’s not winning you any money they think ab. It’s taking it from you. I can say this is borderline market manipulation and certain changes should be put in place to make it a fair market for everyone. With out these changes all of you are just signing up for the biggest Ponzi scheme since crypto currency pump and dumps. You have absolutely no protection from these markets. Nor any protection from their developers.

I enjoy this app because I’m able to invest as a fan of my favorite athlete and also potentially make profit as well. It has stock market/ fantasy sports draft feel to it and alternative to traditional stock market or betting apps like Robinhood. I just started but have had good customer services responses to questions such as IPO for rookies (a few players from my college town just got drafted and want to show support/ invest in them. Before fans would only show support by buying merchandise and game tickets, but never had opportunities to be compensated for fandom and knowledge of sports statistics and data, so I also like the app for analytical and psychological perspective. My area for improvement would be long term investing feel like index funds of athletes or ETFS, teams or star players. Fees for buying and selling and withdraw funds can be a little high (though I usually invest in low fee index funds) I feel this app can really catch on. Sports betting is becoming big and legal on several states, this is a little safer than going to casino or traditional sports betting, but can be exciting with profit potential too. Overall excited for the app and improvements they will make over the years. I wonder if they will expand into other sports, Olympic sports like track athletes, golfers, tennis players, soccer in future etc. I think another thing that would be interesting is college sports athletes inclusion with new NIL contracts for amateur and college athletes.

Let me first start off by saying I love this app and think it has a lot of potential. I’ve shown it to many people and they all thought it was crazy idea and a lot of them wanted to get it themselves. However, there are a few loopholes that many people use(in mma bets) when they try to make quick profit which if done correctly work and if not they lose money. For example whenever there is a fight people invest in the fighter heavily which is to be expected but they are not completely investing in what they think will happen in the fight rather they know that people on the app buy heavily prior to the bout and right after the fight whether the fighter wins or loses the price drops dramatically. (Ex. Shavkat rakhmonov stock drops after he dominated Neil magny) So they try to time it perfectly which causes many people to lose money when they buy for a price shown that is much higher then the price actually is and sell at a price that is much lower than what is listed. And for people that want this to be more like a simulated stock market for sports and want to be rewarded when someone they’ve put money into does well I can see how this would be very frustrating. To deal with this problem, if P.S. stopped buy/sell orders like a few days or 1 week for example prior to the fight and opened it back up a specified amount of time after then I think people would be disciplined enough to buy/sell based off of the predicted outcome rather than price volatility right before or after the fight. I think if this happened you would also start to see fighters stock rise after a big win rather than fall which seems to be what many want. In a nutshell time in between buying and selling causes more investment on the fight rather than price changes and allows for more thought to be put into the decision. Furthermore if I’m missing something with this idea, if this problem could be solved in the future I think it would really help this app takeoff as it would be more credible and fair to people who have made a smart investment.