After the success of betting websites (DraftKings and FanDuel) there are now companies developing fantasy games focused on stock picking. These companies are using the excitement behind fantasy sports to gain the attention of day traders and gamblers. Try our portfolio company BUX is you like the joy of the markets!
If it works for jocks, how about stocks? Daily fantasy sports leagues are booming because they allow fans to “day trade” athletes as if they were stocks. So then why -- when there’s actual day trading of stocks -- would the world need a make-believe stock-trading game that mimics daily fantasy sports? Whether necessary or not, daily-fantasy stock market contests are here. Stock Battle is a new site that allows players to compete for cash prizes based on the one-day returns of a virtual stock portfolio. Competitors pay a small entry fee and then select a group of stocks they believe will outperform those of other players on a given day. A few years ago, a site called Invoost began offering similar games and got some notice for the novelty of it.