How to Create Your Own Decentralized Prediction Market – Bitcoin News

  • This is particularly evident in the case of prediction markets, where new features from Guesser and Veil have opened up these services up to a wider, less technically accomplished audience.
  • Technically these markets originate on Augur, but people are increasingly now placing their bets via secondary services that bolt a user-friendly interface onto Augur’s protocol and simplify the betting options.
  • Users can potentially earn revenue when people participate in their market by placing a bet.
  • To help keep track of draft markets proposed using Veil, a Twitter bot has been set up.
  • Moreover, while the majority of markets currently revolve around simple bets that make Augur little more than a decentralized sportsbook, in future its potential use cases could expand significantly.

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