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] After a crowdfunding in August 2015,[2] 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.[3]

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 — or assassination markets — on famous people.[1][4]

Augur's user numbers dropped off sharply after launch: from 265 daily users in early July, to 37 on 8 August.[5]

References[edit]

  1. ^ a b c Leising, Matthew (July 26, 2018). "As Crypto Meets Prediction Markets, Regulators Take Notice". Bloomberg.
  2. ^ Lott, Maxim (2015-08-20). "New tech promises government-proof prediction markets". Fox News. Retrieved 2018-12-02.
  3. ^ 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.
  4. ^ Orcutt, Mike (August 2, 2018). "This new blockchain-based betting platform could cause Napster-size legal headaches". MIT Technology Review.
  5. ^ "Blockchains could breathe new life into prediction markets". The Economist. 9 August 2018. Retrieved 2018-12-02.