The story of Augur, an Ethereum prediction market
Genuine question, why is this called a &quot;prediction market&quot; and not just a gambling exchange?<p>As far as I can tell, this is no different from BetFair et al who let punters bet against each other on the outcome of the next football match? (apart from &quot;oooh! blockchain!&quot; and &quot;oooh! decentralised!&quot;)<p>I&#x27;ve read a lot of articles about this over the years and seen lots of lofty words about how this will change X&#x2F;the world forever, or enable some new economic model Y or whatever, but as far as I can tell its just the same old grotty gambling we&#x27;ve had for thousands of years already except its better because blockchain?<p>What have I missed?