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Who voided the question I answered?!
I answered a question correctly, I went all in on the bet, I should have won over 6,000 H$ (according to the open answers section of My Hubdub) Then I find out the question is voided and just get my bet back and not my big winnings.
I’m feeling ripped off!!!
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Inappropriate?Hi,
Predictions get voided on questions for two reasons:
(1) If a question is newly created but gets flagged by other users as poorly formed then the system may void it. In that instance all predictions on that question will be voided and stakes returned to users. This is to ensure all the questions on Hubdub are clear and can be settled.
(2) When a question is settled the date/time which the settlement information became publically known is logged and the system voids all predictions made after that date/time. This is so that users are rewarded for predicting future events not for predicting things that have already happened.
We know that we need to make the text on the site clearer to better explain that. Apologies for the confusion.
Nigel
PS If you let me know which question I can tell you what happened in this instance.
1 person says
this answers the question
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Inappropriate?this just happened to me to; I answered this question:
http://www.hubdub.com/e/Market/Will_t...
which seems perfectly well formed (if very unlikely) and I was about to settle with a tidy profit and you have voided the market and I've lost my return -- to make matters worse I deployed all my capital on this market so could not invest it elsewhere.
appreciate the need to void some markets occaisionally but surely this has to be only in extreme circumstances otherwise people will lose faith in your 'regulation' and take their liquidity elsewhere..?
thx -
Inappropriate?Hi,
We don't actually regulate the questions ourselves, other users do it. You'll notice that each question has a flag button on it which users use to identify a market that for one reason or another is a poor question. Once the question reaches a certain number of flags it is automatically voided.
The reason we put this self-regulation in place was to keep the questions clear and the system fair. Poorly worded questions will only cause frustration for everyone.
In the question mentioned above appears fine but the percentage estimate was way out (50% chance that US attacks Iran in the next month?). If we stopped the system from voiding questions like these them some users could climb the leaderboard through creating and prediction on questions with poor estimates, not through being good predictors.
We know that we need to work hard to make this all clearer and reduce the instances of questions being voided.
Nigel
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