Pred has raised $2.5 million in fresh funding to expand its peer to peer sports prediction exchange built on Coinbase’s Base blockchain network.
Key Takeaways
- Pred secured $2.5 million in funding led by Accel, with participation from BEF by Coinbase Ventures and Reverie.
- The platform operates as a peer to peer sports prediction exchange on Base with 200 millisecond execution speeds.
- Funding will support team expansion, liquidity development, and global user onboarding.
- Pred aims to challenge traditional sportsbooks by removing the house model and enabling market driven pricing.
What Happened?
Pred announced a $2.5 million funding round led by Accel, with additional backing from BEF by Coinbase Ventures and Reverie. The company plans to use the capital to expand its team, strengthen liquidity, and accelerate user onboarding as it builds exchange grade infrastructure for sports prediction markets.
The platform is currently live in private beta, onboarding traders through an invite only program ahead of a broader public launch.
Accel Leads Funding for Exchange Model
Venture capital firm Accel led the round, signaling investor confidence in Pred’s approach to sports prediction trading. The startup is building what it describes as the fastest sports prediction exchange on Base, Coinbase’s layer two blockchain network.
Unlike traditional sportsbooks that set fixed odds and manage risk internally, Pred allows participants to trade directly with one another. Prices are determined by real time supply and demand through transparent order books.
Prayank Swaroop, Partner at Accel, said:
Targeting a Massive Global Market
Sports prediction represents a massive global industry estimated at $500 billion. However, most trading volume remains concentrated within traditional sportsbooks that often limit or ban consistently winning users.
Pred is positioning itself as an alternative model.
Amit Mahensaria, CEO and Co Founder said:
By removing the house from the equation, Pred aims to create a more efficient and transparent marketplace where traders can buy and sell positions freely.
Built for High Speed Traders
Pred’s infrastructure focuses on performance and precision. According to the company, traders can execute positions in 200 milliseconds, with spreads under 2 percent.
The platform emphasizes:
- Transparent order books.
- Market driven pricing.
- On chain settlement.
- A peer to peer trading model.
This design mirrors financial markets more than traditional betting platforms. It targets traders who approach sports outcomes using analytical discipline and structured strategies.
Sports markets also differ from political or macroeconomic prediction markets, which typically revolve around one off events. Sports provide continuous global demand, frequent events, and natural liquidity that supports high velocity trading.
Expansion Plans Ahead
With fresh capital secured, Pred plans to:
- Hire talent from both financial and sports industries
- Deepen liquidity through institutional partnerships
- Expand global user onboarding
- Strengthen exchange grade infrastructure
The company’s long term goal is to become a premier global destination for sports prediction trading.
CoinLaw’s Takeaway
In my experience, markets tend to reward platforms that prioritize transparency and fair access. I believe Pred’s peer to peer model directly addresses one of the biggest frustrations in sports betting, which is limiting successful users. If the company can truly maintain tight spreads and fast execution at scale, it could carve out a meaningful position in this enormous market. I found the focus on exchange style infrastructure particularly compelling because it treats sports prediction as a serious trading activity rather than simple gambling.
