Share this article
Augur Adds Sports Betting With Launch of Polygon-Based 'Augur Turbo'
The six-year-old prediction platform is chasing the surging sports betting market by building with Chainlink and Polygon.
Updated Sep 14, 2021, 1:00 p.m. Published May 24, 2021, 3:00 p.m.
Decentralized prediction market Augur is setting its sights on a new field – sports betting.
STORY CONTINUES BELOW
Announced Monday, the six-year-old project is announcing the launch of Augur Turbo. Notably, the new sportsbook will live on Ethereum layer 2 Polygon, drastically cutting down on fees on the platform, which at times exceeded the winnings for users.
Prediction markets rely on the idea of the “wisdom of the crowd” or the idea that a collective group of people will have a more accurate assessment of a market than any lone expert. Key to that idea, however, is you have to attract a crowd. With the Polygon scaling solution, that concept could become more viable.
Augur Turbo will rely on Chainlink’s oracle network, or a way to feed external data into programmable smart contracts. With the Chainlink integration, users can create betting markets for the National BasketBall Association, Major League Baseball, Mixed Martial Arts and the Olympics. Support for the National Football League, college football, soccer, tennis, golf and esports will soon follow. Chainlink will deliver data such as schedules, post-game scores, team and player stats.
Augur Turbo’s prediction markets will rely on Chainlink data to settle bets immediately after a market closes.
The move to Polygon highlights Augur’s desire to capture more users. Fellow prediction market Polymarket built on Polygon (then known as Matic) last fall and found success in serving crypto-savvy election watchers.
Read more: Why Crypto Whales Love This Prediction Market
As Ethereum gas fees surge, Polygon has found itself as a popular layer 2 in recent months, drawing everything from metaverse projects to decentralized exchange aggregators.
Sports betting surging
Traditional sports books not only siphon off fees, they also limit what markets can be set.
Sports betting remains a lucrative market. Since the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992 in 2018, which effectively banned sports betting, more than $20 billion has been bet.
Beyond its sports betting project, version two of Augur will continue to exist on layer 1 as Augur Pro. The prediction market lets anyone set up a marketplace to bet on everything from crypto to politics to current events.
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
Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
What to know:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
Top Stories
