Pred Raises $2.5M Led by Accel to Build Fast Sports Trading Exchange
Pred, a peer-to-peer sports prediction exchange, announced a $2.5 million funding round led by Accel, with participation from BEF by Coinbase Ventures and Reverie. The capital will support team expansion, liquidity development, and global user onboarding as Pred builds exchange-grade infrastructure for sports prediction markets. The platform is live in private beta, with traders being onboarded through an invite-only program ahead of broader public access.
Pred is building the fastest sports prediction exchange on Base, 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. It is designed for traders who approach sports markets with the same analytical discipline used in financial markets, emphasising transparent order books, market-driven pricing, and on-chain settlement.
“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.” – Prayank Swaroop, Partner at Accel.
While prediction markets have historically demonstrated strong forecasting accuracy, most applications have been limited to episodic events such as elections or macroeconomic outcomes. Sports present a fundamentally different environment, with continuous global demand, frequent 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 a different approach by applying an exchange model to sports predictions, allowing 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 aims to create a more efficient, transparent, and trader-driven marketplace for sports outcomes.
“Sports prediction is a $500B global industry still running on infrastructure that punishes winners. We built Pred to change that, a decentralised exchange where speed, transparency, and skill are rewarded, not penalised.” – Amit Mahensaria, CEO and Co-Founder.
Pred 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. The goal: become the premier global destination for sports prediction trading.
Pred is building a sports prediction exchange that lets traders buy and sell positions on sports outcomes with 200ms execution and spreads under 2%. Unlike traditional sportsbooks that limit or ban winning users, Pred operates as a peer-to-peer exchange where skilled traders are welcome.
