Augur (software)

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Augur
Augur white background.png
Developer(s)Forecast Foundation OU, Jack Peterson, Joey Krug
Written inSolidity and JavaScript
PlatformEthereum
TypePrediction Market Platform
LicenseFree software (GPL)
Websitewww.augur.net

Augur is a decentralized prediction market platform built on the Ethereum blockchain that was founded in 2014 by Jack Peterson and Joey Krug with support from the Forecast Foundation, advisors to which include Intrade founder Ron Bernstein and Ethereum founder Vitalik Buterin.[1]

The project launched in July 2018. Because it is decentralized, Augur allows any user to create a prediction market, unlike betting exchanges like Betfair which only allow betting on questions that are chosen by the site.[2] As of July 2018 the Commodity Futures Trading Commission was investigating whether Augur was selling binary options without registering them, which would violate US law.[1] Immediately after the site launched, users had created death pools on famous people.[1][3]

References[edit]

  1. ^ a b c Leising, Matthew (July 26, 2018). "As Crypto Meets Prediction Markets, Regulators Take Notice". Bloomberg.
  2. ^ Shen, Lucinda (2018-07-09). "Ethereum-Based Blockchain Betting Platform Augur Just Launched. Here's Why It's Not Married to Ether". Fortune. Retrieved 2018-07-25.
  3. ^ Orcutt, Mike (August 2, 2018). "This new blockchain-based betting platform could cause Napster-size legal headaches". MIT Technology Review.