MarketDraft, a groundbreaking B2C fantasy stock market platform designed to break down barriers for new investors, is on the rise. Founded by CEO Chris Tovmasian and CTO Jay Correia, MarketDraft combines elements of gaming with investing to create an educational and engaging platform suitable for both beginners and seasoned investors alike. With its innovative contests and educational resources, MarketDraft is shaping the future of digital trading and paving the way for a new wave of investors.
The platform offers players the opportunity to create fantasy portfolios by selecting stocks and cryptocurrencies, mimicking real-market scenarios. Whether users seek to experiment with investment strategies without financial risk or aim to participate in contests for cash and crypto rewards, MarketDraft provides an unparalleled stock market simulation experience.
Since its launch in 2021, MarketDraft has attracted over 20,000 users with its unique approach to trading, offering diverse contests like Swing Trader competitions and Streak challenges. Users can simulate trading strategies, predict stock movements, and participate in contests, empowering them to learn and compete in a dynamic market environment.
MarketDraft's Unique Offerings
MarketDraft stands out from its competition with its 24/7 operation and contest diversity. "We offer a plethora of variations because we can select the participants and companies involved. This enables us to create a wide array of competitions and contests around the Magnificent Seven,, the auto industry, meme stocks and crypto's; whatever resonates with current trends or is in the news that keeps our user base entertained," Chris explains.
MarketDraft's core gameplay is their Swing Trader competitions, where users build portfolios with a set budget and compete against each other over a specified time frame. Their newest gameplay addition is the Portfolio Race, which incorporates more real-time trading aspects to MarketDraft's contests. Chris explains, "A user can start with a $10,000 portfolio fantasy budget and race to be the first person to reach $20,000 in their portfolio. Users could buy it, set it and forget it. Or, they could constantly buy and sell their stocks or cryptos all day long. Our platform logs all of those gains and losses, and as soon as somebody hits that milestone, the race is over and winners are announced."
Another core gameplay at MarketDraft is Streak. The game challenges users to predict daily stock movements. Participants sign on each day and quickly select a stock that they predict will go up and one they think will go down. MarketDraft also provides multiple private simulation tools and contests.
Jay adds, "And for the introvert who doesn't want to play against anybody or doesn't want any of their choices displayed, MarketDraft can be a sandbox for them to play in." The platform's simulation tools allow users to create custom environments and test different investment strategies, further enhancing their market understanding.
Jay explains, "They can choose their fake portfolio budget and buy whatever stocks they want. At the beginning of the year, they might be better off sticking with the Magnificent Seven only, or they might consider going after all small cap companies. Better yet, they might ponder going with crypto. They can set up two, three, four or five different simulations, and just go see how they are performing over time. Later, they can look at their five competing fantasy portfolios and see which one performed the best. People can still have fun, get practice or at least, scratch that stock market trading itch."
Unlike some investment platforms, MarketDraft offers contests running throughout the day, including after-hours and crypto contests seven days a week. Users also have access to comprehensive information and data on stocks and cryptocurrencies, empowering them to make informed decisions and to get educated on how to trade wisely.
Incentivization and Engagement
MarketDraft incentivizes user engagement through incremental prizes and increased competition. By offering contests with varying prize pools, ranging from small amounts to substantial rewards, the platform encourages users to spend more time on MarketDraft researching and building their portfolios.
Chris explains, "Participation is really high even with the limited prizes that we've been able to offer on our own. When we are able to add a couple of zeros to those prizes, that'll encourage our users to up the time they are spending on their portfolio since there's more money to win without risking their own. When it's a $2,500 or $25,000 contest, they're going to start doing a lot more research, get more involved, engaged and more determined to win."
Jay adds excitedly, "That is the whole mission of MarketDraft; we are creating a competitive edge that drives our users to do the extra research and entangle themselves in the market. It will increase their understanding and confidence. Ultimately, they will be better equipped to build a successful portfolio and win."
Adding to their excitement is current user engagement early on. Jay shares, "Our average user engagement time is 15 minutes. Our user base is highly active and committed to exploring the platform's offerings." To Jay and Chris's surprise, "We are breaking down barriers for women and minorities, too." The platform's demographic trends are defying stereotypes. Chris shares, "Now that those walls are broken down, more women are rushing into this and they're actually kicking ass all the time. And as our community grows, we'll have all kinds of data that could show growth in areas that nobody ever saw or anticipated."
Future Possibilities and Expansion
Looking ahead, MarketDraft envisions continued growth and innovation in the digital trading space. With plans to introduce new gameplay features and expand its user base in colleges and universities, MarketDraft aims to become the leading platform for stock and crypto gaming.
The fantasy sports market is worth $27 billion today and is projected to grow to $90 billion by 2031; imagine, which isn't hard to do, that fantasy investing grows at even a fraction of that pace. That's what MarketDraft co-founders Chris Tovmasian and CTO Jay Correia are envisioning and also witnessing. The growth potential is there already, and unlike fantasy, MarketDraft is not just entertainment and a game; it is a trading platform that allows users to practice something they could apply to real life to grow their own personal wealth. It's a bold, new approach to making finance accessible and engaging for everyone.
By combining the thrill of fantasy sports with the complexities of trading, MarketDraft empowers users to learn, compete, and win in the world of stocks and cryptocurrencies. With its innovative contests, educational resources, and commitment to inclusivity, MarketDraft is shaping the future of digital trading and paving the way for a new generation of investors.
Compete, learn, and earn cash picking stocks and crypto on MarketDraft today.
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