PORTLAND, Ore. (TheStreet) -- It doesn't matter if you play in a year-round fantasy sports league or a daily version: Once you've set the lineups and made your picks, it's a fairly hands-off process.
It gives fans something else to root for, but isn't exactly the most engaging pastime for folks used to monitoring the market and making changes in real time. It's exciting, but in about the most passive way imaginable. The folks behind defunct prediction markets TradeSports and Intrade -- the latter of which drew lots of attention for calling President Barack Obama's election win in 2012 before going offline last year -- are trying to change that by allowing players to engage in fantasy sports in real time for real money by treating the games like a stock market.
This week they revived TradeSports.com -- which had run from 2003 through 2008 as a one-on-one trading game -- and revamped it for the state-heavy, media driven Nate Silver-at-ESPN era of U.S. professional sports.
"The Tradesports.com platform uses the roots of the Intrade technology, and we love that technology. It's been battle tested for 10 years with millions of trades and thousands of users, says Ron Bernstein," Tradesports.com's chief executive and founder. "The big difference is in the way the business model works."
Unlike the original TradeSports.com and Intrade -- the latter of which was shut down last year -- the new TradeSports.com shies away from the company's old prediction/futures market model and has turned itself into an online skills competition. Entry fees are as little as $2 (though you can play for free to hone skills without competing for prizes), and each sporting event becomes a skills competition stacked with numerous stocks. If it's a matchup between the Chicago White Sox and New York Yankees, for example, those stocks come in the form of yes-or-no propositions including if Jose Abreu will continue his home run streak or Masahiro Tanaka will strike out seven batters.