🚨 PRED RAISES $2.5M TO BUILD A PEER-TO-PEER SPORTS PREDICTION EXCHANGE
📊 Pred has secured $2.5 million in funding led by Accel, with backing from Coinbase Ventures’ BEF fund and Reverie to scale its sports prediction exchange infrastructure.
⚙️ The platform is being built on Base, Coinbase’s layer-2 network, offering ultra-fast execution and tight spreads for trading positions on sports outcomes.
🔍 Unlike traditional sportsbooks, Pred uses an exchange model where users trade directly with each other and prices are determined by real supply and demand.
🚀 The startup is currently in private beta with an invite-only onboarding process before a wider public launch.
💰 The fresh capital will be used for team expansion, liquidity development, and global user acquisition as the company targets a high-speed trading experience.
🧠 This model reflects a growing trend of merging prediction markets with crypto infrastructure, aiming to disrupt the traditional $500B+ sports betting industry.
📈 Overall, the funding signals rising investor interest in decentralized, trader-driven prediction markets as a new narrative within Web3 finance.