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Augur vs. Gnosis and the Race to Decentralize Vegas: Part 1

Prediction Markets

How it Works

Applying it to the Blockchain

  • Borderless: Is it important that the app can be accessed by anyone irrespective of where they live?
  • Permissionless: Is it important that the app can’t prevent anyone from using it?
  • Censorship-Resistant: Is it important that what goes on in the application cannot be fixed or gamed by a central party?

Use Cases for Prediction Markets

Oracles

Conclusion

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