Pred, a new platform for predicting sports outcomes, announced a big funding round. The company says it raised 2.5 million dollars. The round was led by Accel, a well known venture capital firm. Other investors included BEF by Coinbase Ventures and Reverie. The money will help Pred grow its team, add more liquidity, and bring more users from around the world to the platform. Pred wants to build a fast and powerful place for people to trade predictions on sports events.
Pred calls itself a peer-to-peer (P2P) sports prediction exchange. This means regular people can trade bets directly with each other. There is no single house that sets all the odds. Pred says it is creating exchange-grade infrastructure. That means the software and technology are built to be as strong and reliable as the best financial markets. The platform is currently in private beta. This means a small group of traders are testing it and getting invited to try it before the public can join.
Pred runs on Base, which is Coinbase’s layer-2 blockchain network. The goal is to make transactions fast and cheap. Layer-2 means an extra layer of technology sits on top of a base blockchain. It helps process many transactions quickly and only uses the main blockchain to settle results. Pred says traders can place bets and trade positions with very fast execution, about 200 milliseconds. Theyalso say the typical price margin, called a spread, is under 2 percent. In simple terms, you can buy or sell bets very quickly, and the difference between the buying and selling price is small.
The company is marketing itself to traders who use careful analysis like in financial markets. Pred wants price ideas to come from real supply and demand. In other words, prices should reflect what many people want to buy and sell, not just a single bookmaker. The team believes this approach can make the market more fair, transparent, and fast. It also means that traders who study a game or event well can have an advantage when setting prices through the trades they make on the platform.
Accel Partner Prayank Swaroop commented on the investment. He said that prediction markets have shown their value for events that happen once or a while, like elections. But sports are different. They happen continuously all over the world and in big volume. Sports markets generate a lot of activity and require fast and reliable technology. Swaroop added that Pred is building infrastructure that fits this large sports market instead of trying to fit the sports world into tools made for other kinds of events. His support is a sign that investors think Pred has a good plan.
To understand the big change Pred is trying to make, it helps to know how traditional sports betting works. In most cases, a sportsbook or bookmaker publishes odds and takes bets. The house controls the prices and also manages risk. If you win a lot, the house might limit your bets or even ban you. Pred aims to remove the house from the equation. In its model, buyers and sellers trade directly with each other in an open order book. The order book shows all current offers to buy and sell, along with the price. Prices emerge from real supply and demand. This is what traders call a market-driven price. There is no single person or company deciding the odds for everyone. The result, Pred says, can be more transparent and can reward skill and fast trading rather than simply allowing the house to win over time.
Amit Mahensaria, the CEO and co-founder of Pred, stated the company’s vision clearly. He said, “Prediction markets are a big global industry worth about $500 billion.” He noted that this money often flows through poorly designed systems that can punish successful traders. He described Pred as a decentralized exchange that rewards speed, transparency, and skill instead of penalizing winners.
The new funding will let Pred grow in several areas. First, the team will expand to include more people with backgrounds in finance and sports. Second, Pred plans to deepen market liquidity by forming partnerships with large institutions. Liquidity means there are many buyers and sellers in the market, which helps traders enter and exit positions easily. Third, the company wants to attract more traders to use the platform. The goal is to create a fast, smooth, and big global hub for sports prediction trading. If these plans work, Pred hopes to become the leading place people go to trade on sports outcomes around the world.
About Pred
Pred is building a sports prediction exchange that lets traders buy and sell positions on sports outcomes with 200 milliseconds execution and spreads under 2 percent. Unlike traditional sportsbooks that limit or ban winning users, Pred operates as a peer-to-peer exchange where skilled traders are welcome. This means it is a place where many people can compete with each other in a fair and fast market for sports predictions.
Disclaimer: Pred does not operate in India, Singapore, the United States, or OFAC-sanctioned countries. This is a standard caution for certain financial or betting platforms.
Source: This information comes from a press release about Pred. The company announced the funding and its plans on February 17, 2026, in Panama City, Panama.
Definitions
- Prediction market — A market where people forecast future events by buying and selling contracts whose payoff depends on the outcome. Prices reflect the crowd’s beliefs about how likely things are to happen. In simple terms, people bet on what they think will happen and the price shows how sure they feel.
- Base (blockchain) — A blockchain platform built by Coinbase to run faster and cheaper on-chain applications. It helps developers create services that use cryptocurrency and blockchain technology on a reliable network.
- Layer-2 blockchain — A set of technologies that work on top of a base blockchain to increase speed and reduce costs. They handle many transactions off the main chain and then settle the results on the main chain. Think of it as using a fast highway (layer-2) to move many cars and later recording the trip in the main ledger.
- Accel — A global venture capital firm that funds early-stage and growing tech companies. They help startups grow and connect them with resources and people who can support their business.
- Coinbase — A large American cryptocurrency exchange and financial technology company. It buys, sells, and stores digital currencies and provides related services to users around the world.
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