Blockchain Prediction Market Augur Enters Beta

Decentralized blockchain prediction market project Augur has officially entered beta following its crowdfunding effort last year.

AccessTimeIconMar 14, 2016 at 2:36 p.m. UTC
Updated Dec 10, 2022 at 12:17 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Decentralized blockchain prediction market Augur has officially entered beta.

First announced in early 2015 and spurred by a successful crowdfunding through the sale of its software tokens, Augur aims to allow users to trade on the outcome of events, and for the market to then leverage that crowdsourced information.

With the news, Augur is now open to initial users, boasting what it called improved front-end design while enabling the creation of new markets that go beyond binary 'yes or no' answers.

Further, Augur said it will soon release a revision of its original working paper as it works toward the distribution of reputation ( REP, the cryptographic token it sold during its 2015 crowdfunding effort, as part of a four-stage rollout.

Core developer Joey Krug told CoinDesk:

"We're looking to use the beta as a platform to iterate on until launch. It'll have three additional stages: one where a limit order book is added, one with the consensus and outcome resolution backstops added and the final stage will have a testing of the official REP distribution."

Founded by Krug and fellow core developer Jack Peterson, Augur aims to use a decentralized design to bypass issues that have previously blocked prediction market efforts.

For more on Augur and its vision, read our full interview with the founding team.

Coding image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.