The Veil, trading platform operator based on Augur’s decentralized prediction markets, has acquired the Predictions.Global web portal. The deal took place a few months ago, The Block reported.
Note that the Predictions.Global user interface allows users to easily track bids and prices in Augur markets.
As reported, Veil did not disclose the price of the acquisition but said they were not currently pursuing any others. The company raised a fundraising round in the single-digit millions last year.
By acquiring Predictions.Global, whose profile and brand is more popular than Veil’s, the platform wants to become the easiest way to discover Augur markets, and the easiest way to trade, Fletcher-Hill told The Block. Predictions.Global site would stay as it is for now, beyond adding links into Veil. Jorge Olivero cofounder Predictions.Globalwould not be joining Veil while Ryan Berckmans would be contracted as a software advisor.
Launch of Veil took place on January 15 and provoked a sharp spike of the REP tokens price.