Pred, a peer-to-peer sports prediction exchange, has secured $2.5 million in seed funding led by Accel, with backing from BEF by Coinbase Ventures and Reverie. The investment will accelerate team growth, deepen liquidity, and support global onboarding as Pred builds exchange-grade infrastructure tailored for sports prediction markets.
The platform, now in private beta, is onboarding traders through an invite-only program ahead of a wider rollout. Built on Base, Coinbase’s layer-2 blockchain, Pred delivers 200-millisecond trade execution and spreads under 2%, positioning itself as the fastest sports prediction exchange in the market.
“ Prediction markets have proven their value for episodic events, but sports represent an entirely different scale of opportunity — continuous, global and deeply liquid. Pred is building purpose-built infrastructure for this market rather than retrofitting general-purpose tools. That’s the kind of focused execution we back,” said Prayank Swaroop, partner at Accel.
Traditional sportsbooks dominate the $500 billion global sports betting industry, controlling odds and risk internally. Pred takes a different path: an exchange model where traders buy and sell positions directly with one another. Prices are set by supply and demand, reflecting collective sentiment rather than house odds.
“Sports prediction is a $500 billion global industry still running on infrastructure that punishes winners. We built Pred to change that — a decentralized exchange where speed, transparency and skill are rewarded, not penalized,” said Amit Mahensaria, CEO and co-founder of Pred.
Pred’s model emphasizes transparent order books, market-driven pricing and on-chain settlement, appealing to traders who approach sports markets with the same rigor as financial markets. With fresh capital, the company plans to recruit talent from financial and sports industries and strengthen liquidity through institutional partnerships.
Pred’s ambition is to become the global hub for sports prediction trading, reshaping how markets price and trade sports outcomes.
- What is Pred? Pred is a peer-to-peer sports prediction exchange built on Base, Coinbase’s layer-2 blockchain.
- Where is Pred available? Pred is live in private beta with global onboarding planned after its invite-only rollout.
- How does Pred differ from sportsbooks? Pred uses an exchange model where traders set prices through supply and demand instead of house odds.
- What will the new funding support? The $2.5 million round will expand the team, boost liquidity, and accelerate worldwide trader growth.
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