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Amalgamated

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About Amalgamated

Amalgamated is a turn-based board game about a stock market and the people quietly leaning on it. Up to four players compete across 28 rounds, aiming to finish with the highest liquidation value: their cash plus the value of their holdings. Building a large position moves its price against you, as does selling out of it.

Trade through the seasons

The game spans four seasons of seven rounds. Each season begins with two public cards: one determines what the auditors do that season, and the other sets who qualifies for dividends.

Each round has four phases: you trade, spend tokens, reveal what the market is doing in the events phase, then update prices. You commit to influencing the market before learning what it would have done anyway.

Read the queue

Most actions do not resolve when you place them. They enter a three-stage queue drawn from a face-down pool and surface three rounds later. The queue is the game's hidden information, and you can spend tokens in three ways to interact with it:

  • Market Analysis: Look at the queue.
  • Influence: Hide a token in the pool. You control what may arrive, but not when.
  • Insider Trading: Place an action into the queue at a stage you choose, with risks.

Choose how to play

Amalgamated supports one to four players in solo, hot-seat and online play. In solo mode, three AI seats follow different theories and compete with one another as well as with you. Hot-seat play passes one screen around a table for up to four, with AI filling any unclaimed seats. Online, you can host a table and share its code; two to four human players each use their own device, and AI fills the remaining seats.

Markets and turns

Each run draws 12 companies from a pool of 24, so the market changes between runs. Play is turn-based and has no clock.

Frequently asked questions

Steam lets publishers create keys to sell in other shops. Once you activate a key, the game is yours to keep, just like a store purchase.

Disclaimer: CD keys have an inherent 1–2% average failure rate. Check the shop terms for buyer protection info. Steam offers no buyer protection for keys bought in other shops and doesn't refund them.

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