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Offices
United States
HQ address
San Francisco, USA
Email
team@augur.net
description
Augur is a Decentralized Prediction Market Platform, built on Blockchain technology that will launch Summer of 2015.

Prediction markets allow users to buy and sell shares in the outcome of an event. The current market price of a share is an estimate of the probability of an event occurring. The accuracy of a large prediction market and the consensus of various individual models has been illustrated by FiveThirtyEight.com’s Nate Silver

“it would be useful to have a dozen FiveThirtyEight-like models in the public sphere. The consensus of models or forecasts is very often better than even the best-performing members of the group.”

To gain this large audience, Augur is built on Ethereum, a decentralized blockchain network similar to the Bitcoin network. Utilizing this technology, our markets can effectively eliminate counterparty risk and centralized servers while creating a global market by employing cryptocurrencies such as bitcoin.

A global prediction market utilizing a cryptocurrency will allow for the best possible forecasting tool to be developed, we are confident that will be Augur.

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