The signal, and the deal behind it.
XA produces one thing of institutional value: a skill-weighted, anonymised aggregate of the crowd's settled calls. This page states how it's measured, how it's protected, and who gets paid — in full, because the model only works if everyone can see it.
Measurement you can interrogate.
A signal is only as good as the discipline beneath it. XA's is stated, published, and applied uniformly.
Stated plainly.
Skilled forecasts are valuable. Aggregated and anonymised, the crowd's signal is what institutions pay for — and the contributors who generate it share in that as it monetises. Your name is never sold. Individual records are never exposed to buyers — aggregates and pseudonymised analytics only. Personal data is never part of any data product. This is the business model, not a footnote, and every participant is told before their first call. The same statement, in binding form, is in our Terms.
Why the incentives hold: a casino profits when you lose. A broker profits either way. XA's only product is honest measurement — it is worthless the moment it flatters anyone. We are structurally incapable of profiting from a participant's failure: the signal is only worth selling if the scoring is ruthless, and the scoring is only trusted because this page exists.