Augur uses the concept of the wisdom of the crowd to establish a decentralized forecasting market. Any user can create a market for a future event.
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- Founded 2014
- San Francisco
- Prediction Market Platform
Augur is a prediction market platform based on blockchain, that rewards users for correctly predicting future events. Users can purchase and sell shares on the outcome of an event. Market prices for an event in Augur are an estimate of the likelihood of it occurring. The price of each share add up to $1.