Less than a month ago, after two years of development, decentralized predictions market Augur launched on the ethereum blockchain.
With Augur people can bet on anything. Betting is done in ether. And reporters verify the results using Augur’s utility token, the reputation (REP) token.
People are already betting on some interesting things.
According to reports $1.5 million in bets have been wagered on Augur thus far.
You can follow all the bets at Predicitions.Global.
The predictions that are getting everyone’s attention are ones like the picture below… death markets, aka assassination markets.
People are worried someone might try to cash in on a bet in the wrong way.
This all brings up some interesting questions, because now Augur is decentralized.
What if a government tries to shut down Augur?
What happens if the worst occurs?
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