Want to create an interactive transcript for this episode?
Podcast: Software Engineering Daily
Episode: Augur: Ethereum Prediction Markets with Joey Krug
Description: Prediction Markets provide an exchange for trading based on the outcome of events. Most prediction markets are centralized- they operate like a casino, where betting takes place under the supervision of one central governing organization. This makes the market less efficient than it otherwise might be: the central organization is a business, and it makes money by extracting value from the trades the customers make. Augur is a prediction market built on the Ethereum blockchain. A trading network built on a blockchain can have a decentralized, permissionless transaction record without a centralized, governing body. Augur’s network is...