Topic: Augur adds sportsbetting - page 2. (Read 239 times)
I believe this would be a new boast on decentralized gambling market. But cutting down fees on the platform which even exceeds the winnings of users looks even more tempting. My concern is how would this platform make profit if the cut down fees to such a low amount considering the need this fund for the maintenance and development of both the site and payment of their staffs or could it be most prediction sites take advantage of their users to exploit them thereby enriching themselves with the ignorance of their users.
Augur, thats operating for a good few years already. It makes sense to move into
Sports predictions, I cant understand why they havent offer this before now.
When I first got into crypto I bought Augur tokens, this was when it was in the top
10 or 20 of coinmarketcap, its now #142.
Has anyone here used the platform for other predictions?
Sports predictions, I cant understand why they havent offer this before now.
When I first got into crypto I bought Augur tokens, this was when it was in the top
10 or 20 of coinmarketcap, its now #142.
Has anyone here used the platform for other predictions?
I've never used Augur but it's good to see more platforms offer sports betting. Augur turbo sounds similar to betmoose where you can make any market you want but more focused on sports. Volume might be an issue but still a great idea imo since most crypto sportsbooks are still lacking on a couple of markets that are usually available on the fiat sportsbooks like the 1-39, 40+ winning margin on australian rules for example.
This might be good news for everyone who does not want to give their identification to the sporstbooks hehe. Augur has added sportsbetting in their platform since developing a turbo version on Ethereum scaling solution Polygon for lower fees.
Augur was also one of the first prediction markets created in the Ethereum ecosystem.
Decentralized prediction market Augur is setting its sights on a new field – sports betting.
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.
Source https://www.coindesk.com/augur-adds-sports-betting-with-launch-of-polygon-based-augur-turbo
Augur was also one of the first prediction markets created in the Ethereum ecosystem.
Decentralized prediction market Augur is setting its sights on a new field – sports betting.
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.
Source https://www.coindesk.com/augur-adds-sports-betting-with-launch-of-polygon-based-augur-turbo
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