<s>
Augur	B-Protocol
is	O
a	O
decentralized	O
prediction	O
market	O
platform	O
built	O
on	O
the	O
Ethereum	B-Application
blockchain	B-Application
.	O
</s>
<s>
Augur	B-Protocol
is	O
developed	O
by	O
Forecast	O
Foundation	O
,	O
which	O
was	O
founded	O
in	O
2014	O
by	O
Jack	O
Peterson	O
,	O
Joey	O
Krug	O
,	O
and	O
Jeremy	B-Protocol
Gardner	I-Protocol
.	O
</s>
<s>
Forecast	O
Foundation	O
is	O
advised	O
by	O
Ron	O
Bernstein	O
,	O
founder	O
of	O
now-defunct	O
company	O
Intrade	O
,	O
and	O
Ethereum	B-Application
founder	O
Vitalik	O
Buterin	O
.	O
</s>
<s>
Augur	B-Protocol
allows	O
any	O
user	O
to	O
create	O
a	O
prediction	O
market	O
on	O
any	O
topic	O
.	O
</s>
<s>
Augur	B-Protocol
uses	O
an	O
ERC-20	O
token	O
called	O
REPv2	O
to	O
incentivize	O
reporters	O
on	O
its	O
network	O
to	O
back	O
their	O
reports	O
with	O
tokens	O
.	O
</s>
<s>
Augur	B-Protocol
's	O
security	O
model	O
has	O
been	O
rigorously	O
quantified	O
and	O
shown	O
to	O
be	O
secure	O
.	O
</s>
<s>
Augur	B-Protocol
runs	O
on	O
Ethereum	B-Application
.	O
</s>
<s>
Augur	B-Protocol
's	O
user	O
numbers	O
dropped	O
off	O
sharply	O
after	O
launch	O
in	O
2018	O
:	O
from	O
265	O
daily	O
users	O
in	O
early	O
July	O
,	O
to	O
37	O
on	O
8	O
August	O
.	O
</s>
<s>
In	O
July	O
2018	O
,	O
the	O
Commodity	O
Futures	O
Trading	O
Commission	O
noted	O
resemblance	O
of	O
the	O
Augur	B-Protocol
contracts	O
to	O
binary	O
options	O
,	O
which	O
would	O
fall	O
under	O
its	O
jurisdiction	O
.	O
</s>
<s>
Augur	B-Protocol
's	O
decentralised	O
design	O
may	O
allow	O
it	O
to	O
sidestep	O
regulatory	O
difficulties	O
,	O
because	O
Augur	B-Protocol
is	O
just	O
a	O
protocol	O
that	O
allows	O
users	O
to	O
set	O
up	O
their	O
own	O
prediction	O
market	O
,	O
which	O
developer	O
Joseph	O
Krug	O
says	O
"	O
shift(s )	O
legal	O
responsibility	O
to	O
bettors	O
"	O
.	O
</s>
<s>
In	O
July	O
2020	O
,	O
Augur	B-Protocol
v2	O
was	O
released	O
.	O
</s>
<s>
It	O
included	O
dramatic	O
changes	O
including	O
the	O
usage	O
of	O
DAI	O
(	O
a	O
stablecoin	B-Protocol
pegged	O
to	O
the	O
US	O
dollar	O
)	O
for	O
trading	O
,	O
faster	O
resolution	O
of	O
market	O
outcomes	O
(	O
24	O
hours	O
vs.	O
v1	O
's	O
7	O
days	O
)	O
,	O
a	O
more	O
user-friendly	O
interface	O
,	O
making	O
"	O
Invalid	O
"	O
a	O
tradeable	O
outcome	O
,	O
allowing	O
market	O
creators	O
to	O
add	O
affiliate	O
fees	O
to	O
encourage	O
others	O
to	O
share	O
the	O
market	O
,	O
and	O
allowing	O
the	O
creation	O
of	O
orders	O
without	O
any	O
fees	O
.	O
</s>
<s>
Forbes	O
described	O
Augur	B-Protocol
v2	O
as	O
"	O
a	O
significant	O
leap	O
forward	O
in	O
the	O
world	O
of	O
decentralized	B-Application
applications	I-Application
that	O
function	O
similar	O
to	O
the	O
internet	O
but	O
without	O
the	O
need	O
for	O
trusted	O
third	O
parties	O
.	O
</s>
