|Developer(s)||Forecast Foundation OU|
|Type||Prediction Market Platform|
|License||Free software (GPL)|
Augur is a decentralized prediction market platform built on the Ethereum blockchain and the first decentralized application running on Ethereum to make headlines. Augur is being developed by Forecast Foundation that was founded in 2014 by Jack Peterson and Joey Krug. Forecast Foundation is advised by Ron Bernstein, founder of now defunct company Intrade and Ethereum founder Vitalik Buterin. The founders aim Augur to be near impossible for government to regulate prediction markets. They also state that Augur is not necessarily illegal.
After a crowdfunding in August 2015, the project launched in July 2018.
Operation[edit | edit source]
Augur allows a user to create a prediction market. Augur resolves these prediction markets in two stages: a prediction market stage and an arbitration stage. In the market stage users are able to trade shares between each other, while in the arbitration stage, the markets outcome is decided. In arbitration stage fees are used to subsidize the arbitration process.  Augur uses crypto tokens called Reputation (REP) to incentivize reporters on its network to back their reports with tokens. The reputation token holders are entitled to a percentage of the trading fees generated on the platform.
History[edit | edit source]
Augur's user numbers dropped off sharply after launch in 2018: from 265 daily users in early July, to 37 on 8 August.
References[edit | edit source]
- "Ethereum-powered Augur brings its beta to Microsoft Azure's blockchain cloud". International_Business_Times. 2016-03-15. Retrieved 2019-11-28.
- Leising, Matthew (July 26, 2018). "As Crypto Meets Prediction Markets, Regulators Take Notice". Bloomberg.
- Lott, Maxim (2015-08-20). "New tech promises government-proof prediction markets". Fox News. Retrieved 2018-12-02.
- 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.
- Fröberg E, Ingre G, Knudsen S (2017), Crowdsourced Outcome Determination in Prediction Markets (pdf)
- Orcutt, Mike (August 2, 2018). "This new blockchain-based betting platform could cause Napster-size legal headaches". MIT Technology Review.
- Orcutt, Mike (July 26, 2018). "The latest blockchain use case: anonymously betting on public-figure death pools". MIT Technology Review.
- "Blockchains could breathe new life into prediction markets". The Economist. 9 August 2018. Retrieved 2018-12-02.
Further reading[edit | edit source]
- Fröberg E, Ingre G, Knudsen S (2018), Blockchain and Prediction Markets: An Analysis of Three Organizations Implementing Prediction Markets Using Blockchain Technology, and the Future of Blockchain Prediction Market (pdf), KTH Skolan för elektroteknik och datavetenskap (EECS)
This article "Augur (software)" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Augur (software). Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.