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Pred raised $2.5m led by Accel to scale its high-speed peer-to-peer sports prediction exchange built on Base.
Pred, a peer-to-peer sports prediction exchange, has officially announced a $2.5 million funding round led by Accel, with participation from BEF by Coinbase Ventures and Reverie. The fund will be used for team expansion, liquidity development, and global user onboarding. The platform is currently live in private beta, and traders are being onboarded through an invite-only program before broader public access.
Pred is building a super-fast sports prediction exchange on Base, which is Coinbase’s layer-2 blockchain network. The platform lets traders buy and sell positions on sports outcomes with 200-millisecond execution and spreads under 2 percent.
While prediction markets have always demonstrated strong forecasting accuracy, most applications have been limited to specific events such as elections or macroeconomic outcomes. Sports offer an entirely different environment, with continuous global demand, regular events, and a natural fit for high-speed trading strategies. Despite the scale of the global sports betting economy, the majority of volume remains concentrated within house-controlled sportsbooks that set prices and manage risk internally.
Pred takes an interesting new approach by applying an exchange model to sports predictions. This method allows participants to trade directly with one another. Prices emerge through real supply and demand, reflecting collective market sentiment rather than fixed odds. By removing the house from the equation, Pred strives to create a more efficient, transparent, and trader-driven marketplace for sports outcomes.
According to Pred, they will use the funding to build out its team with talent from financial and sports sectors, deepen market liquidity through institutional partnerships, and drive the trader growth needed to sustain a high-velocity exchange.
