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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Joey Krug: Augur – A Decentralized Crowdsourced Prediction Market Built on Ethereum
Description: Prediction markets are fascinating financial instruments which have proven to be accurate at making predictions on things like the outcome of elections, geopolitical events and sporting events. But in our heavily regulated financial world, they are the subject of much controversy. In 2013 for instance, a well-known US prediction market, Intrade, was forced to shut down following a civil suit filed by the CFTC. While some people consider prediction markets to be a useful tool for society, others consider them to be a form of gambling, which is one of the reasons why they have been met with such resistance...