Good morning CT
Today the Prediction markets are a constant trending topic with the likes of Polymarket, Kalshi, Myriad Markets and the biggest on Base; Limitless
But Augur was one of the earliest decentralized prediction markets launched as far back as 2018
> Launched in 2018, after a 2015 crowdfunding and a token launch
$REP (currently @ $1.27), Augur was built on Ethereum, the first protocol letting anyone create their own market about anything — That freedom? It cut both ways
> Early use included controversial markets; users started creating death pools and assassination markets — bets on whether famous people would d*e
> The Commodity trading commission (CTFC) noticed its similarity to binary options, which normally fall under heavy U.S. regulation, Augur’s developers argued it was just software not a company running the markets — “we only provide the code; users provide the risk.”
> Hype faded fast — from 265 daily users in July 2018 to 37 within a month
Then came Augur v2 (2020) — Restructure
> Faster resolutions (24h over 7 days), stablecoin trading (DAI), UI improvements, added “Invalid” outcome, affiliate fees, and fee-free order creation
> Augur has now become a community-run, decentralized prediction market platform managed by the Forecast Foundation and OracleDAO, where users create and trade markets without a central company in control
In recent years
@AugurProject has been improving and advancing oracle research while planning a comeback and we'll be here for it.