Sports Betting Goes High-Speed: Augur Launches ‘Turbo' Offering
Decentralized predictions market Augur is launching a new platform, Augur Turbo, aimed at the fast-growing sports betting market.
The new offering will attempt to cut costs and intermediaries, Augur claims. "Traditional betting exchanges are highly centralized and introduce a large number of restrictions on users, such as limiting payouts and withdrawals, siphoning fees of 5-10%, and limiting the types of markets that can be created," the Augur team wrote.
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