Hypermentalizing involves overinterpreting cues in the early morning betting markets. It typically derails the emotion regulation system spinning the bettor into a vicious cycle of overinterpreting what he belives that others are thinking and then being unable to regulate the uncertainty caused by this overinterpretation. Private information is discarded.
Augur the decentralized prediction/betting market protocol built on the Ethereum blockchain stumbles along, attracting very little liquidity to anything other than crypto related markets (Only $1,244.55 traded to date on the who will win the 2018/19 English Premier League betting market, for example). One of the main markets on the platform, by volume, concerns Augur traders betting that the Augur Rep cryptocurrency will appreciate in value by the end of 2018. To the question Will REP token trade above $32 at the end of 2018? only 32% of those that have traded in the market are saying yes - hardly an overwhelming vote of confidence in the Augur Exchange.
You can track the live betting markets on Augur by clicking on the link below. It is notable that most of the sports betting markets on Augur have attracted no liquidity whatsoever. So, as it stands, Augur is being used as a platform on which to hedge crypto and not much else. To the question, what is the impact that the blockchain will have on the betting market, the answer, based on what we have seen so far, is none. If the fate of a new technology can really be predicted through observing the way that it is adoped by the gambling and porn industries, then the blockchain/crypto axis can be said to be on life support. As of the morning of 18 September 2018 Augur Rep is down another 10% at around $12.20 USD The only reason that the currency has any value at all is because of the significant holding of other cryptocurrencies held by the parent company Augur. In other words, Augur is the proverbial sleight of hand busted flush. I would ask the CEO's of Augur and Gnosis to put their egos aside and to do the good thing and return all monies to early investors whilst there is still some money left in the coffers.
US Betting Market Latest
It is becoming increasingly clear that the newly regulated US betting market will be fiercely competitive. As per usual, early forecasts of a bumper bonanza for UK and Ireland based betting companies have been pared back. This is not surprising when one considers that nobody has, or indeed, can have, any understanding of the structure of the environment that they are going to be trading in. Which states will permit sports betting in a retail environment and which states will permit only online sports betting? Fierce competition equates to increased marketing costs and ultimately to reduced profitability for everyone.
Another blow for UK bookies
Fresh from picking up the scraps from the US betting market floor, UK based bookmakers have been dealt another significant blow, following the news that theh Labour Party, if elected, will ban the use of credit cards to place bets. It is estimated that 18% of online bets are plced using credit cards. A major blow for the likes of Betfair.
Concern yourself with things before they come into existence. (Tao Te-Ching).
Source: N=All 25/05/2018. * = Stamina Dam Side