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Betting On Augur: 8 Reasons To Be Bullish On REP

Having appropriate incentives (financial) for forecasters to predict outcomes increases the accuracy. In the case of Augur, users are rewarded for buying shares for the correct outcome, and are therefore incentivized to forecast with all available information. It is expected that only the most informed individuals will risk their money when making a prediction, and more informed forecasters will provide more accurate predictions over time, so therefore the share prices of prediction markets will accurately reflect the real-world possibility that said outcome will occur. Augur’s purpose is to democratize and decentralize finance by creating a global, frictionless and highly liquid prediction market. The team recognizes that there are three main problems with the financial system today: Segregation: There is little unity among financial markets geographically. Capital Intensive: Expensive to create a new market – making a market is a privilege that only the wealthy and well-connected have (e.g. a firm on Wall Street). Expensive: Trading fees are quite high. Financial market fees are quite reasonable, but fees can be 10%+ on profits in sports betting for example.

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