Sports prediction is one of the largest markets in the world — and one of the least modern. Pred is betting that traders are ready for something closer to a financial exchange than a traditional sportsbook.
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Pred announced a $2.5 million funding round led by Accel, with participation from BEF by Coinbase Ventures and Reverie, to build an exchange-grade sports prediction platform on Base, Coinbase’s Layer-2 network, focused on speed, liquidity, and real price discovery.
~200ms execution
Spreads under 2%
Transparent, onchain order books
Market-driven pricing with peer-to-peer settlement
The design targets traders who approach sports the same way they approach financial markets — with models, discipline, and risk management — rather than fixed odds set by a house.
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As Accel partner Prayank Swaroop explains, the opportunity isn’t just incremental:
“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.”
Why Sports Prediction Is Different
Most prediction markets to date have focused on one-off events like elections or macro outcomes. Sports, by contrast, operate nonstop — across leagues, geographies, and time zones — creating a natural environment for high-frequency strategies and active trading.
Yet despite sports betting being a $500B global industry, the majority of volume still flows through house-controlled sportsbooks that set prices internally and manage risk by limiting or banning winning users.
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Pred flips that model. Instead of a house setting odds, traders interact directly with each other. Prices emerge from real supply and demand, reflecting collective market sentiment rather than fixed lines. There’s no house edge — and no penalty for being consistently profitable.
“Sports prediction is a $500B global industry still running on infrastructure that punishes winners,” said Amit Mahensaria, CEO and Co-Founder of Pred. “We built Pred to change that — a decentralized exchange where speed, transparency, and skill are rewarded, not penalized.”
What Comes Next
With the new funding, Pred plans to:
Hire across trading, engineering, and sports market expertise
Expand liquidity through institutional and professional trading partners
Scale user onboarding to support a high-velocity global exchange
The goal is to establish Pred as a global venue for trading sports outcomes, shifting the model from betting against a house to trading directly against the market.
