Gnosis is a software project that’s been around for a while and is similar to Augur in that they’re building a decentralized prediction market on top of the Ethereum network.
A “prediction market” is essentially a “gambling” site that allows you to make bets on the outcome of a sports event, presidential election, etc.
The Gnosis marketing, team members, concepts, etc. seem good so far. Therefore this will most likely be an Initial Coin Offering (ICO) to watch and consider.
WHAT IS GNOSIS?
Gnosis.pm is a decentralized prediction market built on the Ethereum protocol. Gnosis provides an open platform for anyone to predict the outcome of any event and plans to drastically simplify the creation of customized prediction market applications. We view financial and betting applications as ripe for innovation using our open and decentralized model. Our vision is a future in which prediction markets are used to optimize an incredible range of processes and to provide a platform for information sales. Gnosis is a ConsenSys backed project and was founded by Martin Koeppelmann and Stefan George, who previously founded and built Fairlay.com, a centralized Bitcoin prediction market. Together with ConsenSys we are excellently positioned to execute on our ambitious vision.
If you’d like to learn more about gnosis and prediction markets, we have some great articles on the Gnosis blog; Martkets for the Future, and Markets for Security are a good starting point.