Terms

Contest Rules

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Effective May 1, 2020

The Official General Contest Rules, govern the rules associated with each contest (“Contest”) posted on Microprediction website at https://www.microprediction.com/ (the “Contest Page”). Neither the Contest nor Micropredictions, LLC, a Florida limited liability company (“Micropredictions”) is affiliated, endorsed, or administered by or with any other entity. The Contests are subject to the laws and regulations of the state of Delaware.

ELIGIBILITY

  • To qualify for prizes sponsored by Microprediction you (“Participant”) must complete a profile and have a MUID. Please follow the instructions for creating a MUID available here at https://www.microprediction.com/muids.html. 
  • No purchase or payment necessary to enter or win. Purchase or payment will not increase Participant’s chance of winning. Void where prohibited or restricted by law.
  • Except as specifically provided, Microprediction Contests are open to Participants 13 years or older.
  • No one under 13 years of age will be permitted to enter a contest under any circumstance. Microprediction will delete and disqualify any entry whether on-line or by other means in compliance with the Children’s Online Privacy Protection Act (“COPPA”). All Participants represent and warrant that by providing their submission to the contest, they meet applicable laws governing their participation in such contests as provided by their country of residence. 
  • Any individuals (including but not limited to employees, consultants, independent contractors, and interns) who have, within the past six months, performed services for Microprediction, any organizations responsible for sponsoring, fulfilling, administering, advertising, or promoting the Contest or supplying the prize, and their respective parent, subsidiary, affiliated and successor companies, and immediate family and household members of such individuals, are not eligible for the Contest. “Immediate family members” shall mean parents, step-parents, children, step-children, siblings, step-siblings, or spouses. “Household members” shall mean people who share the same residence at least three months a year.

CONTEST START/STOP DATES

  • The Contests will commence on the first day of each month at 12:01 am GMT (the “Entry Period”) and end on the last day of each month at 11:59 pm GMT (the “Closing Period”). The leaderboard shall list participants with the highest ranking scores. The leaderboard will close on the Closing Period.
  • Participants with the leading scores at the Closing Period will be notified of their prize.
  • Prizes are awarded on a calendar-month basis, with the first month August 2020. Performance is not the only criterion, but to the extent that it applies, leaderboards will be reset on the first day of the month at midnight GMT.

NOTIFICATION

  • If applicable for a Contest, Participant rankings throughout the Contest are posted on leaderboards available at https://www.microprediction.com/leaderboard.html.
  • Unless otherwise specified for an applicable Contest on the Contest Page, Participants will be notified of the results of their submission(s) at midnight GMT of the last day of the calendar month. Winners (the “Winners”) as selected by the Judges will be notified using the email address and/or phone number provided on their profile.
  • Unless as otherwise specified by Microprediction, Winners must execute and return any and all required documentation including but not limited to event participation, waiver and release forms required by Microprediction, in its sole discretion and as applicable to a Contest, within 24 hours of notification by Microprediction, to Participant’s provided email address and/or phone number, that they have won the Contest and/or Prize(s). Prize(s) may not be claimed by a third party on behalf of a Winner. Microprediction reserves the ability at its sole discretion to choose alternate Winner(s) in the event of a disqualification or ineligibility.
  • Except at Microprediction’s sole discretion, Prize(s) may be mailed out or delivered to Winners at the winner’s expense. Microprediction and Winners will agree on a mutually convenient method for sending and receiving the Prize. All associated shipping costs shall be the responsibility of the Winner. Any winner under the age of 18 must be accompanied by a parent or legal guardian, who will be required to sign for the Prize(s).

TAXES AND RELEASES

  • All Prize(s) for which the aggregate value is in excess of $600 are subject to IRS 1099 reporting at the declared value. Winners are responsible for any applicable federal, state, or local taxes.
  • Each Prize(s) is expressly limited to the items announced by Microprediction, and does not include taxes, gratuities or other potential Prize(s) related expenses. All Prize(s) will have a declared value which is established by Microprediction in its sole discretion.
  • By participating in the Contest and/or accepting any Prize that they may win, you agree to release the sponsor, their respective parent, subsidiary, affiliated and successor companies, advertising and promotion agencies and prize suppliers, and each of their respective officers, directors, agents, representatives, and employees, as well as each of their respective successors, representatives, and assigns (collectively, the “Released Parties”) from any and all actions, claims, injury, loss or damage arising in any manner, directly or indirectly, from participation in the competition and/or acceptance or use of the prizes.
  • Winners who are under the age of 18 are required to obtain, and provide to Microprediction, a consent to receive the Prize from their parent or legal guardian prior to the prize disbursement.
  • The Winner assumes such risk completely and will indemnify and hold harmless Microprediction and Released Parties for any resulting damages or claims related thereto.

JUDGING

  • Judges are selected based on demonstration of proficiency in math and statistics.
  • Please reach out if you would be interested in serving as a judge.
  • Many thanks to our current volunteer judging panel:
    • Professor Mike Ludkovski, Chair of the Department of Statistics and Applied Probability, University of California Santa Barbara
    • Adrian Banner, CEO and CIO of Intech Investments
    • Vassilios Papathanakos, Executive Vice President, Deputy CIO Intech Investments

ADDITIONAL TERMS AND QUALIFICATION REQUIREMENTS

  • If you are accessing these rules on, or participating in this Contest from, Microprediction’s website, you are deemed to have specifically agreed to the Microprediction website’s Terms of Use and to the use of your personal information as described in the Privacy Policy contained on the website. Should Microprediction determine that there is any suspected or actual evidence of any fraud that affects the integrity of a Contest conducted in any form and/or through any medium, Microprediction reserves the right but not the obligation, in its sole discretion to modify, suspend, or terminate the Contest.
  • Contributors may find the algorithm FAQ available at https://www.microprediction.com/algorithm_faq.html helpful.
  • Only one prize awarded per person, per category, per month.
  • To qualify for open source awards, authors must write and post an article explaining their approach.
  • Performance for a particular award is judged by performance of one write_key, and cannot be aggregated across multiple write_keys.
  • To qualify for open-source awards, all code must be made open source and remain so. Awards will be paid only after code has been made available for a period of one month. Algorithms made open source near the end of the calendar month may qualify for an award in the next month at judges’ discretion - especially if they prove influential. It is strongly recommended that code be made available through GitHub and PyPI and this will factor into the assessment of reusability.
  • To qualify for open source awards, software must be released under a permissive license such as MIT, BSD or Apache.