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Augur (Software) Summary

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 include Intrade founder Ron Bernstein and Ethereum founder Vitalik Buterin. After a crowdfunding in August 2015, 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.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.Immediately after the site launched, users had created death pools — or assassination markets — on famous people.Augur's user numbers dropped off sharply after launch: from 265 daily users in early July, to 37 on 8 August.

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