Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Broker
Trading terminal solutions
Charity
Blockchain charity foundation
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Buy Crypto
Pay with
Markets
News and updates from the world’s leading cryptocurrency exchange
Apr 01
2019
Binance Research Analyzes Irregularities Discovered on Augur

In a new report, Binance Research takes a look into irregularities discovered on Augur, a decentralized prediction market platform built on top of Ethereum. 

Binance's market analysis team, has released a report identifying irregularities and a "design flaw attack" in an actively traded prediction market expiring on April 1. 

"Though the project has stimulated some questions about the legality of some prediction markets and the actions that they may incentivize , the platform itself still has yet to be thoroughly investigated by many," Binance Research said about the prediction market platform.

The report further reveals several issues faced by Augur in its current iteration, including low liquidity and participation rates, bare-bones usability functions, and complex voting, settlement, and forking mechanisms.

"Augur’s steep learning curve often causes new users to utilize one of two websites - an IPFS-hosted version of a web interface, or the 'augur.casino' website," Binance Research noted. "On these websites, the UI offers several sorting and filtering mechanisms, either by volume, by ending date, or by open interest. This may lead to certain markets receiving more exposure than others via manipulation of its orderbook."

Read the full report here.