Augur

Augur (REP) is a trustless, permissionless and decentralized prediction market platform built on Ethereum. The outcomes of these prediction markets are chosen by Augur's REP token holders, who stake their tokens based on the observed outcome and earn a fee for doing so. These permissionless prediction markets enable users to create a market forecasting any specific future event, like "who will win the next presidential election" or "which team will win the Premier League this season". Augur's permissionless markets allows anyone to buy shares in a specific outcome, where the party who correctly predicts the event earn a monetary reward. Augur's reputation token (REP) is a "work token" and gives the right for individuals to report and weigh-in on the outcomes of specific events. The platform's incentive structure is designed to ensure honest, accurate reporting of the outcomes as the most profitable option for REP token holders.