Augur announces date for v2 launch with a new REP token

Predictions market platform Augur has announced its new and improved platform will launch July 28, 2020. The upgrade brings about a number of changes such as DAI denominated markets and "Invalid" as a tradeable outcome. Token holders will need to manually migrate their REP to REPv2 in order to partake in the new reporting system.

Why it matters

• Prediction markets have received a lot of attention as a use case that benefits from the regulatory arbitrage afforded by decentralization, however, significant usage has yet to materialize. Augur’s v2 upgrade hopes to change this by improving the experience of creating and trading any arbitrary market.
• The launch comes at an opportune time with an upcoming U.S. presidential election and professional sports starting to pick back up leading to a growing wave of bettors looking to gamble on various outcomes.