A user’s performance in fantasy investing trading competitions fully depends on real-world investing strategies aimed at maximizing total portfolio return. Successful investment decisions are based on a broad spectrum of skilful analyses and factors that include but are not limited to:
Fundamental analysis measures a security's intrinsic value by examining related economic and financial factors. Intrinsic value is the value of an investment based on the issuing company's financial situation and current market and economic conditions. Read More
A tried-and-true hedge fund strategy that involves taking a long and a short position in two companies in the same sector in the attempt to cancel out macro factors and only benefit on micro factors that impact the long and the short independently. Read More.
Involves the analysis of a specific stock’s float, short-interest, and recent trends/developments in the short positions. Read More.
Involves the assessment of different technical indicators like moving averages, support and resistance levels, etc. Read More.
Triple witching days generate trading activity and volatility because contracts that are allowed to expire may necessitate the purchase or sale of the underlying security. Read More
Whether a Commodity Trading Advisor (CTA) is systematic or discretionary, their trading strategy can be based on trend following. In fact, trend following is used by CTAs) as the predominant strategy. Read More
Trigga’s cash-based fantasy investing pools (trading competitions) are not considered gambling because the generally accepted definition of gambling involves three specific things: (1) the award of a prize, (2) paid-in consideration (meaning entrants pay to compete) and (3) an outcome determined on the basis of chance. Without all three of these elements, a competition that reward real prizes is not gambling. In the case of Trigga trading competitions, outcomes are not determined by chance, but are rather achieved through a user’s skill or ability, making these competitions legal in most U.S. states.
Fantasy investing pools are games of skill that require a mental ability and a learned capacity to carry out a result. These trading competitions commonly include the use of strategy, tactic, technical expertise, and knowledge.
Games of chance are games with an outcome strongly influenced by random chance or uncertainty. Common randomization devices include dice, playing cards, or numbered balls drawn from a container.
Games of chance may have some skill, and games of skill may have some chance, however, most U.S. courts use either the predominance test or the material element test to look at the role that skill and chance each take in determining the outcome of the game.
The predominance test is the most commonly used indicator of whether a game is skill- or chance-based. Under this test, one must envision a continuum with pure skill on one end and pure chance on the other. On the continuum, games such as chess would be almost at the pure skill end, while traditional slot machines would be at the pure chance end. Between these ends of the spectrum lie many activities containing both elements of skill and chance. A game is classified as a game of skill if the game falls predominantly closer to the skill end of the continuum.
The material element test is the second most commonly used test in the U.S. and is relied upon by 8 states to evaluate whether a game is skill or chance based. The test asks the question of whether chance plays a material role in determining a game’s outcome. As an example, in games like Minesweeper, a great deal of skill is generally exercised by players, but there are moments when players are forced to guess at random, with the results of that guess determining the winner and loser of the game. Skill predominates but chance plays the material role in determining the game’s outcome.
In the U.S., the legality of skill-based competitions is determined at a state level and Trigga has taken extensive measures to ensure that its products are in full compliance with all the applicable laws. As of today, Trigga powers real prize competitions in roughly 80% of the world and 45 US states - the exceptions being Arkansas, Connecticut, Delaware, Louisiana, and South Dakota.
For states where skill-based real prize gaming is not allowed, a player who logs in to Trigga will still be able to compete in virtual currency trading competitions. Trigga uses the built-in GPS in a player’s smartphone as well as other techniques in order to determine location and eligibility to play for real prizes.
Trigga provides a forum for safe, friendly, and competitive entertainment with monetary stakes tied to the competition of our users. Trigga operates in full compliance with U.S. Federal and State laws, verifying the residency of anyone seeking to open an account and using IP address as well as other location-based services to determine a user’s eligibility for real prizes. All users must be at least 18 years old and their device location settings must be enabled to ensure Trigga eligibility.
Anyone over age 18 with a mobile phone can play.
All games with cash-enabled competitions have undergone patented tests to ensure that they are as fair and skill-based as possible.
Trigga uses GPS to locate your mobile device to confirm you are located where cash tournaments are permitted. Cash tournaments are currently disabled in certain countries and some U.S. states (AR, CT, DE, LA, and SD) to comply with local regulations.
Players’ abilities determine the outcome of a skill-based competition. Gambling involves significant elements of chance and increased performance is often uncorrelated with additional play.
They will be restricted. For states and countries where cash competitions are not permitted, generally, players may still compete in virtual currency tournaments.