- Joey Krug: BTC will not become money Jan 15, 2019
Predict the next election, short a cryptocurrency, or hedge against disaster. Turn political knowledge into predictive power by trading on the outcome of upcoming elections, potential policy decisions, and other political events. Hedge against catastrophic events like natural disasters, market crashes, and geopolitical upheaval by betting that the event will occur. Harness the power of crowds to create a more accurate weather prediction tool for events like hurricane landfalls, heat waves, and daily temperature averages. Companies can use Augur to guide decision making by forecasting vital information such as total product sales and project completion times.
Choose an event to predict. Anything is fair game, from the next presidential election to the success of a company’s product. Check the list of open markets to see if a market already exists for your event. If not, create one. Trade on the outcome of your event by buying and selling shares in its market. Buy shares to go long on an outcome, or sell shares to short it. Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree. Users who hold shares of the winning outcomes are paid out from the market contract when the market is resolved.