Blockchain prediction platform, Augur, has seen approximately $10 million USD (68,300 Ethereum) in betting volume since it was launched in July 2018.
Over the years, users of the betting platform have staked more than $23.5m USD (1,320,229 REP) in total, on participation and disputes since the launch of the REP tokens.
According to a post by the team of the blockchain project, Augur v1 had the largest single matched bet on the 2018 US midterms election market in the world. The platform saw more than five folds in matched bets volume on the Canadian election market vs. Betfair.
The Augur v2, which at the moment is being worked on, is expected to become faster, cheaper and easier. The reason, according to the post, is to make Augur the best prediction platform worldwide.
Augur Predicted US President Donald Trump’s Impeachment
Augur blockchain prediction platform predicted that Donald Trump would be impeached before it became official. The platform made the prediction over a month before it became true in the end.
According to a report, since the beginning of a public hearing on the impeachment of Donald Trump, predictors favored the impeachment of President Donald Trump.
The question, “Will Donald Trump be impeached by the end of 2019,” got a yes response from 75% of bettors, indicating that the impeachment would happen. Recently, Augur predicted that Brexit won’t be possible in October 2018.
In 2018, bettors predicted also that Trump would sweep the house. As well, another prediction favored Kavanaugh’s nomination would be confirmed by the Supreme Court.