Veil, a trading platform built on Augur’s decentralized prediction markets, has bought Texas-based Predictions.Global, the main web portal for reviewing Augur’s stakes and prices. The purchase took place “a couple months ago,” co-founder, Paul Fletcher-Hill told The Block, and the official announcement is expected later today.
Augur allows users to create and trade predictions on a variety of topics from sports, to elections, to crypto prices without the need for centralized market makers, but its interface can be confusing and time-consuming. Last year, Predictions.Global launched a user-friendly website allowing thousands of users to browse Augur’s markets through a simple and easy shortcut. It has since become the primary site for accessing Augur’s market data, although it does not itself facilitate trades.