|Headquarters||San Francisco, California|
|Key People||Jack Peterson, Joey Krug|
Augur is a decentralized prediction market (betting) platform based on Ethereum.
It is a platform where third parties can organize markets to bet on outcomes of events. Users can download a software client from Augur to specify a prediction market including start time and end time, as well as event definition. ("Will the Dow Jones close above 30,000?" is an example of such an event.) The general public participates in the events using cryptocurrencies like bitcoin and Ethereum. The Augur management believed that they would elude regulatory concerns from the CFTC about prediction markets because Augur only provides software and a platform and does not run any prediction events itself.
Augur was one of the first organizations to raise funds by issuing tokens through its 2015 ICO. Raising about $5.2 million Augur issued 8.8 million tokens of a total 11 million supply. The tokens are called REPs.
On May 18, 2018 Augur announced on Twitter that it would launch on ethereum mainnet on July 17, 2018.
John Lothian News
Augur was highlighted in a recap of Consensus 2018 by contributing editor Chuck Mackie. You can read the article here.
- Augur Launches Alpha Version of Prediction Market Platform. Cointelegraph.
- The Record-Breaking $152 Million Battle Over Blockchain Betting Tool Augur. Coindesk.
- Jack of Augur. Twitter.