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Augur (software)

Augur (software)

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 included 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 in 2018: from 265 daily users in early July, to 37 on 8 August.[5]

Augur
Developer(s)Forecast Foundation OU, Jack Peterson, Joey Krug
Written inSolidityandJavaScript
PlatformEthereum
TypePrediction MarketPlatform
LicenseFree software(GPL)
Website

References

[1]
Citation Linkwww.bloomberg.comLeising, Matthew (July 26, 2018). "As Crypto Meets Prediction Markets, Regulators Take Notice". Bloomberg.
Sep 19, 2019, 4:40 AM
[2]
Citation Linkwww.foxnews.comLott, Maxim (2015-08-20). "New tech promises government-proof prediction markets". Fox News. Retrieved 2018-12-02.
Sep 19, 2019, 4:40 AM
[3]
Citation Linkfortune.comShen, 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.
Sep 19, 2019, 4:40 AM
[4]
Citation Linkwww.technologyreview.comOrcutt, Mike (August 2, 2018). "This new blockchain-based betting platform could cause Napster-size legal headaches". MIT Technology Review.
Sep 19, 2019, 4:40 AM
[5]
Citation Linkwww.economist.com"Blockchains could breathe new life into prediction markets". The Economist. 9 August 2018. Retrieved 2018-12-02.
Sep 19, 2019, 4:40 AM
[6]
Citation Linkwww.augur.netwww.augur.net
Sep 19, 2019, 4:40 AM
[12]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Sep 19, 2019, 4:40 AM