Donald Trump's Impeachment Up for Crypto Bets on AugurBy Oct 16, 2019 2 Min Read
The impeachment of Donald J.Trump, the 45th President of the United States of America, and its potential outcome has stirred up predictions on Augur. While it is not uncommon to find the diverse application of the blockchain technology in most parts of our digital dealings, the topic of political prediction is yet a rare one. Predictors on Augur, a decentralized prediction market platform built on the Ethereum blockchain that was founded in 2014 by Jack Peterson and Joey Krug with support from the Forecast Foundation, who have to lend cast their bets on the future of Donald Trump in the White House.
The Augur platform which is being run by a group of reporters who validates the outcome of events as opposed to the centralized model, have notorious Predictors who are revered for their previous predictions such as Brett Kavanaugh’s ascension to the United States Supreme Court as well as predicting the United States Democrats victory in the midterm elections. These guys have lent their voice to the ongoing heated debate, and opinions are split both for and against Donald Trump’s exodus from the White House.
Augur bets can serve as a measure to analyze predictive groupthink as customers can bet on any market with any amount of money without any form of restrictions.
The $13,000 stake market "Will Donald Trump be impeached before the end of the year 2019?" created in July 2019 on Augur have had 50% bettors supporting the impeachment position while the other 50% believes that the president would not be impeached.
With this divided position, we may be unable to predict accurately judging by Augur bet Predictor’s accuracy in times past. Still, it sure gives a 50% insight into the possibility of his impeachment as perceived by some group of analysts.
Donald Trump image via Shutterstock