App offers cash prizes for picking virtual stocks

The stock market can be a tricky and expensive game, but one app has found a way to fix that.

Essentially a fantasy sports app for stocks, Vestly allows players to choose their own portfolio, buy virtual stocks, and then rack up points based on the stocks’ performance.

Logging on to the platform is pretty much straightforward—via a required Facebook log-in—but picking stocks is a little bit trickier since there app has no curated selections or doesn’t provide extra information on how to create a portfolio. Instead, Vestly asks its players to enter either the stock symbol or the name of the company they would like to purchase virtual stock from.

At the end of every month, the top 100 portfolios will split $10,000 based on where they ranked, according to TechCrunch. Vestly also promises to roll out long-term, bigger prizes, such as an Audi Q3 Quattro, every six months.

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