Augur is a prediction market platform that prides itself on providing accurate forecasting tools for its users. Users get rewarded for positively contributing to the community with their knowledge and insight. This incentive, coupled with the “game theory”, allows Augur utilize the concept of the “wisdom of crowds” to predict future changes in the market and other events. Anyone can easily create their own market and participate in other markets at a small fee. These fees minimize fraud through regulation by various smart contracts on the system. Ethereum is used as a consensus layer. You can receive a percentage of market fees back if you own Reputation.