Share this article
Blockchain Prediction Market Augur Enters Beta
Decentralized blockchain prediction market project Augur has officially entered beta following its crowdfunding effort last year.
By Pete Rizzo
Updated Dec 10, 2022, 12:17 p.m. Published Mar 14, 2016, 2:36 p.m.
Decentralized blockchain prediction market Augur has officially entered beta.
First announced in early 2015 and spurred by a successful crowdfunding through the sale of its software tokens, Augur aims to allow users to trade on the outcome of events, and for the market to then leverage that crowdsourced information.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
With the news, Augur is now open to initial users, boasting what it called improved front-end design while enabling the creation of new markets that go beyond binary 'yes or no' answers.
Further, Augur said it will soon release a revision of its original working paper as it works toward the distribution of reputation ( REPhttps://augur.net/blog/what-is-reputation), the cryptographic token it sold during its 2015 crowdfunding effort, as part of a four-stage rollout.
Core developer Joey Krug told CoinDesk:
"We're looking to use the beta as a platform to iterate on until launch. It'll have three additional stages: one where a limit order book is added, one with the consensus and outcome resolution backstops added and the final stage will have a testing of the official REP distribution."
Founded by Krug and fellow core developer Jack Peterson, Augur aims to use a decentralized design to bypass issues that have previously blocked prediction market efforts.
For more on Augur and its vision, read our full interview with the founding team.
Coding image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
IMF Flags Stablecoins as Source of Risk to Emerging Markets, Experts Say We Aren't There Yet
The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
What to know:
- The IMF warns that USD-pegged stablecoins could undermine local currencies in emerging markets by facilitating currency substitution and capital outflows.
- Despite concerns, experts argue that the stablecoin market is still too small to have a significant macroeconomic impact.
- Stablecoins are primarily used for crypto trading, and their market size remains small compared to global currency flows.
Top Stories
