Augur Interface Veil Acquires Search Engine for Prediction Markets

Global, the leading site for exploring data on Augur prediction markets.

"It's certainly been the most used and popular third party-developed Augur product thus far," Veil co-founder Paul Fletcher-Hill told CoinDesk in an email.

Augur is a decentralized protocol on ethereum that makes it possible to create prediction markets around anything.

Global currently lists all the open betting markets running on Augur.

"One change you'll notice is that markets that are supported by Veil will start to include a link to trade on Veil," Fletcher-Hill told CoinDesk.

Veil currently supports a fraction of the kinds of markets that currently exist on Augur.

Veil promises users two benefits over using Augur directly: placing bets without paying gas fees and instant settlement for markets where Veil is confident the outcome will be clear at the end of the relevant event.

In other words, users usually have to wait quite a while for an Augur market to pay out, but Veil will pay users instantly if that feature is supported.

"Veil purchases the shares from users and then redeems those shares from Augur directly," Fletcher-Hill said.

Users don't have to give Veil control of their funds.