Craze: Invest in your Opinions app for iPhone and iPad

Craze is an exchange where you can trade real-world events just like you trade stocks. Simply buy shares of an outcome if you think it will happen. For example, if you’re a Drake fan, you can now put your money where your mouth is and invest in a Craze market predicting that Drake will be the highest-selling artist this year. For each correct share you bought, you earn ₹100. You can also choose to sell your shares early to book profits or minimize losses. In addition, have fun discussing economics, weather, politics, movies, music, sports, and more within the Craze community!

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Q. What is Crazes mission/purpose/values?

Craze empowers Indians to make better decisions in their lives based on the actionable insights they receive from the trading activity within our markets.

The markets on Craze are very likely to be more accurate than traditional forecasters and polls because they aggregate the wisdom of the crowds by giving people a financial incentive to share their true beliefs. We give people insight into real-world events like inflation and unemployment that are materially relevant in their lives.

These markets also serve as a factual and true counter to sensationalised content, fake news, and the spread of misinformation on social media and in society at large.

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Q. How does trading work?

Each market on Craze is based on a real-world event that has multiple outcomes. Craze allows you to buy or sell shares of any of these outcomes. Just as in the financial markets, the price of one share of an outcome is determined by market supply and demand. These prices vary between ₹0 and ₹100. After buying shares of an outcome, you may choose to exit your position to book profits or minimise losses. After the market closes and the true outcome of the real-world event is known, the market settles; this means that each share of the correct outcome pays out ₹100.

Traders find our events to be purer and less noisy than other tradeable items like options, stocks, and cryptocurrencies. With events, traders employ higher levels of skill and employ better analysis because they are trading on the tangible event itself rather than guessing how an intangible financial market will react.

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Q. Who am I trading with?

Craze is a marketplace that connects traders with each other. When you execute a trade, you are trading with other traders on our platform. We don’t benefit from you winning or losing on a trade and genuinely want every trader on Craze to succeed and make profits.

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Q. Is this gambling? Is Craze safe?

Craze is not a gambling platform and does not support gambling of any kind. In gambling, you bet against a “house” or “bookmaker” who generates revenue when customers lose. This creates perverse financial incentives for gambling operators. As mentioned above, we are a marketplace that does not benefit from trader losses and want to see every trader succeed and make profits. We make money by charging fees on trades.

We are regulated as a skill-based real money gaming platform, which has been deemed legal and legitimate by the Honourable Supreme Court of India. Trading on Craze is informed by research and analysis of the underlying fundamentals of the event. There is a lot of public information about the events listed on Craze, including material we provide, which allows traders to put their skills and knowledge to use by performing analyses and creating their own trading strategies.

It is 100% safe to use Craze. Our platform employs state-of-the-art security and encryption, and all transactions are processed through secure banking channels and financial institutions.