Augur !

[Hareeba!]

Finally, I might find a real purpose to get involved with Bitcoin!
<cite class="_Rm">

http://reason.com/blog/2015/08/11/augur-gambling-prediction-ethereum

</cite>

[Hareeba!]

Anonymity for fixers?

[Optional]

Yeah. So many angles to think about with that.

Could turn bookmakers into the next Blockbuster Video stores with enough traction.

[DonZ]

this link does't work

[Optional]

this link does't work

Is here


Augur May Become the Greatest Gambling Platform in History. Is There Anything the Government Can Do to Stop It?

A blockchain-based prediction market that won’t be controlled or managed by anyone. Jim Epstein|<time datetime="2015-08-11T16:36:00+00:00">Aug. 11, 2015 12:36 pm</time>



An online gambling platform could do to the neighborhood bookie what electric refrigerators did to the ice delivery man. Coming this fall, Augur will allow participants to wager money on any future event of their choosing. Software will set the odds, collect the bets, and disperse the winnings. The price alone should give Nevada sportsbook operators pause; an estimated one percent of every pot will go to keep the system running. The average vig today is about 10 times that.

[...]

[IBetYou]

Sounds like a betting exchange with money you can't use

[BitCoinTalk]

Augur is going to be awesome, If I understand correctly, I'll make money just by reporting on the outcome of the games... Boo ya!

I'm glad I got my REP.

[nymfan99]

I don't totally get it, but how would this be legal? Or is it just something that the govt just cant stop? Basing the company out of the US seems like a death trap and isn't anything different from a sportsbook being in the US...

[Lily Blackwell]

Yeah. So many angles to think about with that.

Could turn bookmakers into the next Blockbuster Video stores with enough traction.

This is the dumbest video I have ever seen. 👎

[BitCoinTalk]

how would this be legal?

Everything I've read says that if you trade you're not liable, only market makers would be liable. And with markets, like anything else w/ regulation, it depends on what kind of market you make, what jurisdiction you're in, etc.

Or is it just something that the govt just cant stop?

Pretty much, because this does not run on servers the gov't can touch (P2P).


In the end, it's too speculative for the CFTC to give a penetrate.