The decentralised prediction market platform Augur has seen a significant drop-off in actively traded markets over the last few weeks.
Here we will take a deep dive into the data of the 30 biggest markets currently hosted on the Augur platform and look at the differences between the markets that are still actively traded and those that have already ended.A bit of background on Augur
Augur is a cryptocurrency platform that provides a decentralised predictions market for asset speculation. The platform covers a variety of prediction markets like sports and politics, all the way to ‘time of death’ markets (or assassination markets).
In simple terms, you use the Augur platform to make predictions, using Augur’s native token to power your guesses. If your forecast is correct, you are rewarded. What distinguishes Augur from a traditional betting market is that no centralised single party sits in the middle, meaning that users are likely to pay lower prices (on average).
The REP token acts as the utility token to give liquidity on Augur. It has a market cap of just over $100 million at the time of writing.
In early December 2018, Coin Rivet brought you the story of how Augur appeared to be building some significant momentum.A look at the top 30 markets today
Using data from the platform tracker on prediction.global, we can see that it lists the “money at stake” at just over $1.7 million. When looking at the top 30 markets, the total is just over $1.5 million.
This figure, however, is a little deceptive after you break down the markets between those that are ‘active’ and those that are already ‘ended’.
The thing that really stands out is the fact that of the top 30 markets, 25 of the markets have already ended. This means that just five markets are actively traded, and they only have a combined amount of funds at stake of just over $30,000.Large markets have already ended
The markets that have alrea...