Prediction Market 'TBD' Launches with $3M Seed
What happened
TBD, a prediction market protocol designed to measure verified human sentiment, has launched publicly following a private beta that attracted over 225,000 participants. The company also announced a $3 million seed funding round to support the new platform.
Why it matters
- The seed funding round was co-led by CMT Digital and ParaFi, with both firms receiving board observer seats in the new company. - Co-founders Corey Miller (CEO) and Taehoon Lee were previously a product and growth lead and a senior engineer, respectively, at the decentralized exchange dYdX. - The protocol is built on the Solana blockchain and uses World ID verification to ensure every poll participant is a unique human, aiming to provide AI-resistant sentiment data. - Unlike competitors such as Polymarket, TBD's prediction markets are explicitly tied to the outcomes of its own organized polls, creating what it calls "digital elections." - The name "TBD" is short for "To Be Decided," which the founders say reflects the mission of discovering authentic human perspectives that are not shaped by algorithms. - This latest funding follows a prior $800,000 angel round that included high-profile investors like Solana co-founder Raj Gokal and dYdX founder Antonio Juliano. - The launch taps into a rapidly growing prediction market industry, which some analysts project could see revenues climb to $10 billion by the year 2030.
Key numbers
- TBD, a prediction market protocol designed to measure verified human sentiment, has launched publicly following a private beta that attracted over 225,000 participants.
- The company also announced a $3 million seed funding round to support the new platform.
- This latest funding follows a prior $800,000 angel round that included high-profile investors like Solana co-founder Raj Gokal and dYdX founder Antonio Juliano.
- The launch taps into a rapidly growing prediction market industry, which some analysts project could see revenues climb to $10 billion by the year 2030.
What happens next
- The launch taps into a rapidly growing prediction market industry, which some analysts project could see revenues climb to $10 billion by the year 2030.
Quick answers
What happened in Prediction Market 'TBD' Launches with $3M Seed?
TBD, a prediction market protocol designed to measure verified human sentiment, has launched publicly following a private beta that attracted over 225,000 participants. The company also announced a $3 million seed funding round to support the new platform.
Why does Prediction Market 'TBD' Launches with $3M Seed matter?
The seed funding round was co-led by CMT Digital and ParaFi, with both firms receiving board observer seats in the new company. Co-founders Corey Miller (CEO) and Taehoon Lee were previously a product and growth lead and a senior engineer, respectively, at the decentralized exchange dYdX. The protocol is built on the Solana blockchain and uses World ID verification to ensure every poll participant is a unique human, aiming to provide AI-resistant sentiment data. Unlike competitors such as Polymarket, TBD's prediction markets are explicitly tied to the outcomes of its own organized polls, creating what it calls "digital elections." The name "TBD" is short for "To Be Decided," which the founders say reflects the mission of discovering authentic human perspectives that are not shaped by algorithms. This latest funding follows a prior $800,000 angel round that included high-profile investors like Solana co-founder Raj Gokal and dYdX founder Antonio Juliano. The launch taps into a rapidly growing prediction market industry, which some analysts project could see revenues climb to $10 billion by the year 2030.
