Astral Codex Ten

Augur

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Augur

Article

Augur is a recurring organization in the Astral Codex Ten archive, appearing 7 times across 7 issues between February 01, 2021 and March 03, 2026. The archive places it in contexts such as “Augur is a decentralized Ethereum-based prediction market”; “Ethereum prediction market Augur”; “Augur is real-money and lets people create their own markets”. It most often appears alongside Metaculus, Kalshi, Polymarket.

Metadata

  • Category: Organizations
  • Mention count: 7
  • Issue count: 7
  • First seen: February 01, 2021
  • Last seen: March 03, 2026

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Metaculus Monday
February 01, 2021 · Original source
Augur is a decentralized Ethereum-based prediction market. Since it's crypto, it ought to be able to violate laws with impunity, and in theory this should make it the leader of the pack. In practice it's either nonfunctional or so minimally functional as to be useless. The team involved seems pretty dedicated and competent, and I assume they have some good reason for pretending their product currently exists instead of replacing the whole thing with a COMING SOON banner. I hope this will one day be our savior. But like the real Messiah, it’s taking its sweet time.
Inline links: Augur
Mantic Monday: Judging April COVID Predictions
February 23, 2021 · Original source
2: Vitalik Buterin talks about his adventures winning $50,000 betting against Trump on Ethereum prediction market Augur. It took a pretty complicated chain of crypto contracts to make it work, and I look forward to the time when people will be able to use this technology fluidly without having to literally be Vitalik Buterin. He concludes (like many people) that prediction markets were kind of dumb this past election but there are reasons to think they can get smarter fast:
Inline links: talks about his adventures
This was meant to be a proxy for whether there would be a lot of uncertainty about who won the election because of trouble counting mail-in ballots. There was - it took the major networks a few days to call it for Biden, whereas they usually can do it that night. But unrelatedly, even after the networks called it for Biden the prediction markets failed to converge; some combination of high fees, transaction limits, and very stubborn Trump supporters. I think you could still buy shares of Biden for 94 cents almost up until the inauguration. Definitely true.
Mantic Monday: Ukraine Cube Manifold
February 14, 2022 · Original source
Nobody has reached the promised land at the furthest point. But all three connected vertices are occupied. Augur is real-money and lets people create their own markets, (but it’s impossible to use - it’s made of complicated crypto contracts that nobody’s made a workable front end for yet). Polymarket is real money and easy to use (but doesn’t let people create their own markets; apparently they’re nervous about resolution disputes). Manifold is easy to use and lets people create their own market, but it’s not real money (they’re American and centralized, so they have to follow anti-gambling regulations). Manifold Markets Speaking of which, they’re open! As the cube suggests, Manifold is a site where anyone can create their own (play money) prediction market. They set the question and they decide when and how it resolves (with everyone else just out of luck if they decide to fake it or rug-pull). It’s a bold strategy, but boy oh boy are people liking it so far: Not actually in order This is a semi-randomly selected sample of Manifold markets, but let’s go through them one by one. The Ukraine market is the biggest on Manifold. It’s also deeply out of step with every other prediction market and the top non-prediction-market authorities - who are all giving numbers in the 50s and 60s. I don’t understand how this is so low - yes, play money < real money, but mostly because play money doesn’t get enough people betting. Here lots of people are betting - it’s the biggest market on the site, and since you only start with $1000 either twenty people have bet everything or more people have bet a fraction - but it’s still wrong. I tried to spend some play money to correct it and it snapped back to just as wrong as it was before. I have no explanation. Midnight The Stray Cat is the second biggest market on Manifold, just after Ukraine. I guess the Internet really liking cats shouldn’t be a surprise at this point. In case you need to do research first I’m told this is the cat in question: Props to Manifold for a bunch of markets like the third one on there, where they eat their own dog food by using their market to predict how their business decisions are going to go. ACX Bot has copy-pasted all of my predictions from 2022. At some point they should be able to compare their results with Zvi (ie a single very smart person), with the contest many of you entered (ie an average of formless crowdsourced predictions), and Metaculus (ie a non-monetary forecasting tournament). I’m looking forward to it! Most of you already know Lars Doucet, who’s written some great ACX posts on Georgism. I don’t know what possessed him to make a Joe Rogan Georgism interviewee market, unless he’s gunning for the position. Valinor is a group house on my street, with ~a dozen people living in and around it. We’ve been talking about fixing the backyard for a while. Now we can bet about whether it will happen. Having a number for this actually affects some of my decisions a little. Connor is hijacking the prediction market to make a poll, which is pretty cute. Dwayne Johnson does not have a 15% chance of winning the election. Manifold is suffering from the usual play money problem, where if you only start out with $1000 in play money, nobody wants to lock it up for three years to make a 15% profit. Vivek’s market, “Will I believe that 13177 is a prime number”, is pretty unusual. I’m interpreting it as a test/demonstration of prediction markets’ information-gathering ability. If you don’t know something and it’s hard to Google, you can make a prediction market about whether you’ll believe it in the future, and people who are able to figure out the answer will bet on it. Based on the 97% YES rate, I’m guessing 13177 is in fact a prime number. What else can you do this with? TANSTAAFL’s “Will I Be Convinced That Justin Trudeau Is Not Fidel Castro’s Son?” market is maybe pushing the limit of this methodology. Anyway, there are lots of me-too prediction markets but this is something genuinely new under the sun. Maybe it will be awesome itself, but I’m also hoping it helps bigger players realize how much more is possible. This Week In Metaculus A few new questions on intelligence enhancement, eg: The question explicitly allows embryo selection, but says it must raise IQ ten points and be available for <25% median income to count. Trivial improvements to existing embryo selection will top out around 9 points, so this seems to be predicting something more interesting, maybe iterated embryo selection at the very least. I’m probably slightly bearish on this one; I believe if it existed someone would find a way to get it, but I think the regulatory climate might be able to prevent the relevant research indefinitely. Improving adult IQ is really hard. This is a bold thing to speculate about! Atmospheric CO2 was 300ish for most of pre-industrial history, 400ish now, and rising. This question predicts 600 in 2100, which sounds like what happens if global warming gets a bit worse but eventually stabilizes. I’m less sure. I think if we make it to 2100, we’ll have so much technology that atmospheric CO2 can be whatever we want it to be. But maybe we’ll want it to stay where it is; once there’s been a lot of global warming and people have moved / shifted lifestyles, it could be equally disruptive to cool the planet back down. Right now it’s 5%, the official government prediction is 10% by 2030, but this market says 17.6%. But look at that probability distribution! It’s a lot of people saying 10%ish, plus a very long tail of very big numbers. I think people are disagreeing about how exponential this change is going to be. Shorts Metaculus is holding an essay contest for people who want to use their AI-related prediction markets to argue the future of AI. $6500 available in prizes.
Inline links: Augur, Polymarket, Manifold, https://substackcdn.com/image/fetch/$s_!j26W!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fcba2cb25-7980-446d-8050-499c35c4e56f_919x1017.png, predictions from 2022, ACX posts on Georgism, Will I Be Convinced That Justin Trudeau Is Not Fidel Castro’s Son?, https://substackcdn.com/image/fetch/$s_!V2bV!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fca419ec2-7b91-44cd-80b0-2aad1baa4c2f_766x166.png, The question, https://substackcdn.com/image/fetch/$s_!Ah6n!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1ff4f28d-1901-45f2-85bc-8f1c2120ecd1_770x187.png, https://substackcdn.com/image/fetch/$s_!zSK8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F80e3383c-6f68-412a-ac90-ca63236bdb10_769x167.png, This, https://substackcdn.com/image/fetch/$s_!frCz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F976d1b66-daee-43d1-948a-500e77ac5a2f_764x164.png, this market, holding an essay contest
22
March 14, 2022 · Original source
1: Taosumer reviews my Prediction Market Cube and asks why I don’t have “decentralized” on there as a desideratum. My answer: decentralization is great, but for me it cashes out in “ease of use” - specifically, it’s easy to use it because the government hasn’t shut it down or banned you. Or as “real money” - the reason Manifold isn’t real-money is because they’re centralized and therefore vulnerable and therefore need to obey laws. Or as “easy to create market” - the reason Kalshi doesn’t let you create markets is partly because it’s centralized and therefore vulnerable and therefore needs to limit markets to things regulators like. I agree that, because of those second order effects, decentralization is crucial and needs to be pursued more, and I agree that it’s a tragedy that [whatever happened to Augur] happened to Augur.
Inline links: Taosumer reviews
Prediction Market FAQ
December 20, 2022 · Original source
- It would be amazing to have the union of Polymarket and Manifold -- a cryptocurrency-based tool for anyone to create markets, resolve markets, browse available markets, and participate in markets. There was a wave of tools that tried to do this five years ago, like Augur and Gnosis, but to my understanding, they basically failed due to Ethereum gas prices making them intractable to use at scale. If someone magically built this on e.g. some kind of Ethereum L2 with manageable fees, it could be The Real Deal for prediction markets that everyone (at least cryptocurrency-literate people) can participate in and which governments can't really shut down. Polymarket isn't this, because Polymarket doesn't let people create and resolve their own markets; it relies on the Polymarket central authority, which can be censored, has limited throughput, and has limited trust. If this tool existed and had a proliferation of markets with 5 or 6 figures of liquidity, imagine how different conversations in rationalist-adjacent spaces about COVID, or AI forecasting, or public policy, would look.
24
February 20, 2024 · Original source
How many residents will live in Prospera, a new special economic zone in Honduras, on Jan 1, 2026? Answer: 600 (80% confidence interval 100-2,000) This seems like a good guess (except that my confidence interval would have included zero because there’s a 20%+ chance that it gets shut down). So overall its forecasts seem pretty impressive. But I was concerned by its reasoning even in some of the questions it got “right”. For example, the Nikki Haley question tried to get a base rate by asking what percent of elections Haley had won before, and found she had won 71% of them - these were mostly elections for South Carolina governor. You can see what the AI is trying to do - but it’s not going to work. Then it got confused and read a lot of news stories about how she’s currently losing the 2024 presidential election, and seemed to think they were about 2028. So either the AI only got a reasonable probability by coincidence, or it was testing many different strategies, throwing out the useless ones, and updating only on the useful ones, in a way that was kind of opaque to the casual reader. Still, if the company says it beats most human forecasters, this doesn’t seem totally impossible based on what I’ve seen. And that would be exciting! An AI that can generate probabilistic forecasts for any question seems like in some way a culmination of the rationalist project. And if you can make something like this work, it doesn’t sound too outlandish that you could apply the same AI to conditional forecasts, or to questions about the past and present (eg whether COVID was a lab leak). I would be most excited if at some point this graduated from its geopolitical focus and was able to answer questions on any topic (eg “what is the chance that Astral Codex Ten gains paid subscribers this year?”), maybe if the questioner gives it links or feeds it some of the appropriate information. FutureSearch is run by a team formerly from Metaculus, including former Metaculus CTO (and Google internal prediction market veteran) Dan Schwarz. They’re looking for potential clients and/or investors; if you’re interested, email hello@futuresearch.ai. Vitalik On AI Prediction Markets Vitalik Buterin, Ethereum-founder-turned-cryptocurrency-public-intellectual, has a blog post on The Promise And Challenge Of Crypto + AI Applications. One of them is a prediction market. He writes: Prediction markets have been a holy grail of epistemics technology for a long time; I was excited about using prediction markets as an input for governance ("futarchy") back in 2014, and played around with them extensively in the last election as well as more recently. But so far prediction markets have not taken off too much in practice, and there is a series of commonly given reasons why: the largest participants are often irrational, people with the right knowledge are not willing to take the time and bet unless a lot of money is involved, markets are often thin, etc. One response to this is to point to ongoing UX improvements in Polymarket or other new prediction markets, and hope that they will succeed where previous iterations have failed. After all, the story goes, people are willing to bet tens of billions on sports, so why wouldn't people throw in enough money betting on US elections or LK99 that it starts to make sense for the serious players to start coming in? But this argument must contend with the fact that, well, previous iterations have failed to get to this level of scale (at least compared to their proponents' dreams), and so it seems like you need something new to make prediction markets succeed. And so a different response is to point to one specific feature of prediction market ecosystems that we can expect to see in the 2020s that we did not see in the 2010s: the possibility of ubiquitous participation by AIs. AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia - and if that's not enough, they can even be integrated with real-time web search capability. If you make a market, and put up a liquidity subsidy of $50, humans will not care enough to bid, but thousands of AIs will easily swarm all over the question and make the best guess they can. The incentive to do a good job on any one question may be tiny, but the incentive to make an AI that makes good predictions in general may be in the millions. Note that potentially, you don't even need the humans to adjudicate most questions: you can use a multi-round dispute system similar to Augur or Kleros, where AIs would also be the ones participating in earlier rounds. Humans would only need to respond in those few cases where a series of escalations have taken place and large amounts of money have been committed by both sides. This is a powerful primitive, because once a "prediction market" can be made to work on such a microscopic scale, you can reuse the "prediction market" primitive for many other kinds of questions: Is this social media post acceptable under [terms of use]?
Inline links: FutureSearch, hello@futuresearch.ai, The Promise And Challenge Of Crypto + AI Applications, back in 2014, played around with them extensively, more recently, Polymarket, tens of billions on sports, LK99, Augur
Mantic Monday: Groundhog Day
March 03, 2026 · Original source
(the other technological sea change is that this is possible at all. Five years ago, cryptocurrency prediction markets were too complicated. In the late 2010s, a group called Augur raised $5 million for the project but never managed to create usable software. FTX flirted with prediction-like contracts but never got them off the ground even with all their billions. Polymarket was the first to really solve this, making $10 billion in the process, but even they were barely usable in the early days. But Stephen’s making MNX with his own money and a team of 1-2 people. He benefits partly from the vibecoding revolution, and partly from all of the billions of dollars spent on improving cryptocurrency rails - MNX uses the stablecoin USDC).