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US Election Pushes Total Augur Bets Over $2 Million

Published 11/06/2018, 08:00 AM
Updated 11/06/2018, 08:15 AM
© Reuters.

U.S. elections drama may be dragging Augur out of the doldrums.

The decentralized betting platform built on ethereum enjoyed a promising launch in July but then stagnated due to its clunky user experience and a general decline in the use of decentralized applications. As Tuesday's mid-term elections in the U.S. approach, however, money is pouring into the platform.

The market for "Which party will control the House after 2018 U.S. Midterm Election?" has 3,517 ether or nearly $727,000 staked on it at the time of writing, according to Predictions.Global, a website allowing users to view and search for Augur markets.

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