Betting and hedging with Crypto

Elliott Saslow
Coinmonks

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This is about the new betting market protocol called Augur, and this will explain the first steps necessary to get started with betting on the platform.

What can you do with Augur?

  1. Bet on anything — politics, crypto, racing, sports…. if you can think of it, you can bet on it.
  2. Create markets for betting — From above, it would make sense that if a market does not exist, you can create it. As well, the market creator can charge fees, and this allows you to monetize any topic.

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