Please check out http://www.nostradamical.com – a new social prediction platform based around the collective prediction of future events – entertainment, business, celebrity, politics, etc.

Unlike other prediction markets Nostradamical.com has several 'social' features that make it more based around publishing opinions (like a microblog) and sharing predictions with friends, than the traditional 'stock market' model for a prediction market (buying and selling contracts). Users can sign up and publish a prediction like 'Will XXX win American Idol this year?'. The prediction, like a blog post is published to Technorati and a host other other blog search engines. Users have activity feeds and become immediately associated to other users when they make a forecast against their prediction (known as 'associates'). You can then promote that associate to a 'friend' if you want to keep them.

No real money is involved – users compete to increase their 'Vision', measured in 'Future Minutes'. The Nostradamical Prediction Engine controls the group forecast, factoring in various elements to the overall calculation. If the group gets the prediction right, they all get a bonus. Users climb a 7 level pyramid of social status – from Newbie to Oracle.

The prediction data is geo tagged and the site has google maps integration. We have feeds and the ability to automatically publish your prediction to Friendfeed currently.

The site is now in Private Beta and we are looking for opinionated individuals to sign up and give us some feedback.

Jed