Augur Answers Tough Questions with its Blockchain-based Prediction Markets

Augur Answers Tough Questions with its Blockchain-based Prediction Markets

Let's ask a tough question: Will Hillary Clinton become president of the United States in 2016? If you had people "bet" on the topic, and monetarily rewarded the ones who guessed correctly, you can actually get a good idea whether Hillary Clinton will become the head of state. A better idea, in fact, than virtually any alleged "expert" could give you. It would work as follows: A market would be opened in which possible answers to the question (yes or no) are "stocks" that cost anywhere from 1 cent to $1. Automatically, the market price of the "yes" and "no" would reflect the possibility of....


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Augur Launches Alpha Version of Prediction Market Platform

Augur, a decentralized platform allowing individuals to create prediction markets on a vast array of topics, announced today that it was launching its alpha test."Traditionally, prediction markets have fallen short due to their need for volume in order to be valuable forecasting tools," explained Jeremy Gardner, the Director of Operations at Augur. "Having a global, unstoppable, blockchain-based prediction markets platform means anyone in the world with internet can connect to Augur."However, Augur is not, itself, a prediction market. Rather, it is open-source code for a prediction markets....

Ethereum Powered Prediction Market Platform, Augur, Launches Crowdsale

Ethereum and smart contracts have a lot of promise and Augur is one of those applications. Cryptocurrency, and the underlying technologies that come along with it, have the potential to disrupt entire markets, forcing them to either fade away or change dramatically in order to remain relevant. Prediction markets are one thing that decentralization could massively overhaul, eliminating points of failure as well as the possibility of cheating or corruption, while retaining the advantages prediction markets have in forecasting outcomes. The blockchain also secures customers’ funds, assuring....

Blockchain Prediction Market Augur Enters Beta

Decentralized blockchain prediction market Augur has officially entered beta. First announced in early 2015 and spurred by a successful crowdfunding through the sale of its software tokens, Augur aims to allow users to trade on the outcome of events, and for the market to then leverage that crowdsourced information. With the news, Augur is now open to initial users, boasting what it called improved front-end design while enabling the creation of new markets that go beyond binary 'yes or no' answers. Further, Augur said it will soon release a revision of its original working....

Augur Breaks The 1,000 BTC Mark in Prediction Market Crowdsale

Augur has launched the world's first decentralized prediction market that would be open to the general public. Prediction markets work on the idea that large groups of people are able to make much more accurate predictions than, small teams of experts. Augur enables participants in its prediction markets to now put their money where their mouth is. Participants back their beliefs by placing wagers on the outcomes of diverse events, that range on everything from politics, the economy and even the environment itself. The funds are stored securely on Augur's platform, and are accessible only....

Interview with... Augur

We recently caught up with Tony Sakich of Augur - here's what he had to say... First of all, tells little bit about what Augur is all about. Augur is a decentralized prediction market platform, the end result will be to change the manner information consensus is collected and aggregated. The bitcoin space is growing fast, where do you see Augur fitting into the overall infrastructure? Our goal it so supplement existing prediction markets with one that is decentralized which will increase the quality of potential outcomes. Is there anybody at the company that are users may be interested to....

Quotes

[I’ve been working on Bitcoin] since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it. Much more of the work was designing than coding. Fortunately, so far all the issues raised have been things I previously considered and planned for.

Satoshi Nakamoto, Bitcoin Developer