Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/pred-raises-$25m-from-accel-and-coinbase-ventures-to-challenge-the-$112-billion-sportsbook-industry.
Pred raises $2.5M from Accel and Coinbase Ventures to build a peer-to-peer sports prediction exchange on Base with 200ms execution.
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Pred, a peer-to-peer sports prediction exchange built on Coinbase's Base blockchain, has raised $2.5 million in funding led by Accel, with participation from the Base Ecosystem Fund (BEF) by Coinbase Ventures and Reverie. The platform offers 200-millisecond trade execution and spreads under 2%, positioning itself as an exchange-model alternative to traditional sportsbooks in a prediction market industry that processed over $44 billion in trading volume in 2025. The global sports betting market, valued at approximately $112 billion in 2025, remains dominated by house-controlled operators, and Pred is betting that blockchain infrastructure has matured enough to change that.