Pumpcade, a live-streaming prediction market platform, has secured $1 million in a pre-seed funding round led by Pump.fun, with contributions from Foundation Capital and angel investor RadioSolace. The funds will be allocated to expanding the engineering team and refining the platform's launch strategy as it prepares to exit private beta.
Pumpcade allows users to create prediction markets within live chat, focusing on topics like cryptocurrency prices, stocks, sports events, and real-time traffic conditions. The platform aims to streamline the prediction market lifecycle to between 60 seconds and 30 minutes, using official APIs and deterministic data sources to settle outcomes and reduce counterparty risk.
Pumpcade Raises $1M in Pre-Seed Round to Enhance Prediction Platform
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.