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Paddock Exchange
Buy and sell driver shares with $100k in virtual currency
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Buy and sell driver shares with $100k in virtual currency
A fantasy stock market for Formula 1. Every driver is a tradeable share: you start with a $100,000 virtual portfolio, buy and sell shares, and try to grow your balance by predicting who performs well.
Two things: on-track performance and trading activity. After each qualifying or race session, a driver is scored on finishing position, positions gained, fastest lap, and top-3 qualifying: then compared against their own rolling average from recent sessions. Beating that average pushes the price up; missing it pushes it down, capped at 5% per session. Buying and selling shares also nudges the price, the same way real supply and demand does.
Yes: after every race, holders are paid $0.50 per share for every championship point their driver scored that weekend, on top of any price gains.
Yes, up to 10% of your total portfolio value in short exposure at once. Short positions accrue a small daily borrow fee (0.1% of the position's value) for as long as they're open.