You sit on a throne of lies <| sep |> Exactly . I was just listening to a documentary about a guy that has an empire of running several fake news websites that target hard right wing supporters . Apparently , he creates fake news that rattles these portion of the population and these people go to these fake sites to read bogus articles . He mostly spreads misinformation about climate change , misuse of food stamps , illegal immigrants but all is fake . He makes money by selling ads on his sites . Apparently he is a Democrat and he just does this for the money . So to summarize , fake news are abundant in the net . Augur can really provide better forecasting and more reliable information by creating these amazing prediction markets .