Open interest on Augur prediction markets passes $1M

On Thursday, open interest on Augur's prediction market passed $1M, according to The Block's data dashboard.

Open interest activity appears to be fueled by the growing U.S. presidential election markets on Augur in addition to new user-friendly trading interfaces like Catnip.Exchange popping up. The second version of Augur was launched on July 28, 2020, with limited fanfare due to the high-friction user-onboarding process. Soon after launch, the Augur team executed a "v2 Redo" release to address issues found in the initial launch.