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US election gives decentralized prediction market Augur a boost

The mid-term elections have seen Augur's open interest in betting contracts rise to 10,134 , or just over $2.1m, with the most popular market being "Which party will control the House after the Midterm?" 

Augur's languid daily user numbers, however, have not noticeably taken off. According to DappRadar, they range from 19 to 56 users per day in October. The all-time high, hit the day of the platform's launch, is 256. Even so, according to Predictions.Global co-founder Ryan Berckmans, the growth of the midterms market augurs well for the platform. "It used to be very concentrated" in the market for ether's year-end price, he said. "That's still a big market, but the diversification into different verticals is a very good sign."

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blockchain