Augur adds sportsbetting

[Ziskinberg]

This is an old project, right?

I was familiar with this project but it loses some hype.
The update is good, for a sports bettor like me, I really appreciate it.

If it's going to be live then we can test it, hopefully, it's something new and better than the traditional sportsbook.

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[mv1986]

This is an old project, right?

I was familiar with this project but it loses some hype.
The update is good, for a sports bettor like me, I really appreciate it.

If it's going to be live then we can test it, hopefully, it's something new and better than the traditional sportsbook.

I don't know if it's better per se, probably a question of preference as well. But the name "prediction market" has a lot under its belt. You can define the weirdest (sport-)bt you want and offer it on the market and see if someone wants to go against you. You can negotiate the odds and everything. There will be a lot of surprising and innovative markets. Looking forward to see the platform growing and evolving.

[magneto]

I doubt that it's going to be a big thing.

Not because of their platform or anything of that nature. Rather, it's just that the sportsbetting crowd is not yet at the stage where they are comfortable with moving onto a decentralised platform (much the same way as crypto exchanges in general).

There will likely be significant illquidity issues when it comes to obscure sports markets which makes the platform impossible to use for a retail bettor who is trying to just get market odds. For whales, the problem is even worse.

[bbc.reporter]

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Thanks, I understand now, sorry I thought something was special.

Their sportsbook is nothing special. Bad layout, hard to use and confusing. However, I reckon all prediction market platforms are something special as an experiment if the markets can accurately predict certain events better than the experts. There are articles written that markets can predict the elections more accurately by 70%.