A HOLISTIC TECHNOLOGY PLATFORM
Pivit is a large scale back-end, middleware and front-end technology infrastructure built to enable the real-time collection, dissemination and gamification of crowd-based opinions. The Pivit platform brings the speed and robustness of financial market technology to the converging worlds of interactive media, gaming and advanced data analytics.
WORLD-CLASS FOUNDERS & OPERATORS
Pivit was founded by the original founders of Intrade, well-known for many years as the largest financial marketplace for public forecasting, is supported by technology from the world's largest provider of financial exchange technology and is led by one of the pioneering success stories in daily fantasy gaming.
SIMPLE CONSUMER ENGAGEMENT, VALUABLE OUTPUT
Pivit turns real-world events into games by using data science to determine the chance of an event occurring, and then asking the crowd a simple question: "Do you think the chance will go higher or lower next?". Through continuous and repetitive user engagement, players are entertained while being connected directly to issues and events they are passionate about, new types of forecasting experts are identified, and Pivit is able to compute real-time public consensus as a valuable and unique proprietary data source.
ANCHOR DISTRIBUTION PARTNER IN PLACE
The company has partnered with the largest cable broadcast and digital audience in the United States to launch its first content vertical, Pivit Politics, ahead of the 2016 U.S. elections. This flagship partnership will be the first among other future content partnerships and syndicated/co-branded data distribution agreements.
Pivit's features and services are distributed via API to web/mobile web, native iOS and real-time data feeds to drive engagement and revenue generation via: 1) in-app purchases of virtual currency and goods; 2) corporate sponsorships of new event 'markets' and content verticals; 3) resale of real-time price data, demographic and geographic data about changing crowd sentiment.