The Augur Approach to Bookmaking on the Blockchain [Analyzed]November 8th [email protected] [email protected] Raphael Hassid Studying economics in France, Working in a startup in IsraelSince 2010, the bookmaking market has shifted from a monopoly to a tight-competing place.
As bookmakers’ market share was initially controlled by states, the Internet changed the rules.
While Betclic and others allow betting on sports or poker (Winamax), Augur let players bet on any verifiable event.
As soon as they set parameters, issuers send their bets into the Augur Blockchain, which translate it into a smart-contract.
So far, Augur seems to work as a traditional bookmaking platform, rewarding players for their wining stakes when an event took place.

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