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Augur, created in the U.S.,is a decentralized, open-source platform for prediction markets that runs on Ethereum and provides powerful predictive data. Using the blockchain technology, the Augur project pursues the open, global, peer-to-peer ledger functionality, game theory and financial incentives, in order to delve into the concept of the wisdom of crowds and get more accurate predictions about future events. On Augur all users no matter their location, can create a market on their topic of choice, can freely participate in all markets, while only losing just a minimal amount of money to fees. Thanks to smart contracts and a distributed oracle system that certifies the true result on an event, the possibility of fraud and counterparty risk reduces significantly.


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