Here’s a blockchain-based prediction market that could potentially become the greatest gambling platform in history.
Forget crystal balls. There’s a new platform that will give everyone a chance to see the future and bet on it.
The Augur project, coming this fall, will let participants choose any future event and wager real money on it. Its software will set the odds, collect the bets and distribute the winnings, with only an estimated 1 percent of the pot going into system upkeep.
Gambling fans, however, won’t be able to play roulette or poker, but Augur has great potential for sports betting.