The Augur prediction market brings users together, also known as reporters, to create a prediction market for any event. The market then pays out incentives to the reporters according to the accuracy of their predictions. Tom compared Augur to some other cryptocurrency-based prediction markets like Gnosis, Hivemind, Wings, and Stox.
“Augur is decentralized prediction market platform and not a prediction market itself. It is software that allows users, anywhere in the world, to come on and create a trading market on the outcome of any future event. Instead of just trading, it also allows anybody to create a market on whatever they like”.