TBD Launches Sentiment Prediction Market with $3M Seed
TBD, a prediction market protocol designed to measure verified human sentiment, announced its public launch and a $3 million seed funding round. The platform, which has already processed 19 million votes from over 225,000 beta participants, allows users to trade on the outcomes of future events, creating a new market based on collective opinion.
- The $3 million seed round was co-led by CMT Digital and ParaFi, with participation from Jump Crypto. - TBD was co-founded by CEO Corey Miller and Taehoon Lee, who previously worked together at the decentralized exchange dYdX. - An earlier $800,000 angel round included notable investors such as Solana co-founder Raj Gokal, Polygon Labs CEO Mark Boiron, and dYdX founder Antonio Juliano. - The protocol runs on the Solana blockchain and uses World ID to ensure that every poll participant is a verified human, aiming to create a bot-resistant measure of public sentiment. - Unlike competitors such as Polymarket or Kalshi that focus on the outcomes of external events, TBD's prediction markets are based exclusively on the results of its own polls. - The company's name, TBD, stands for "To Be Decided," reflecting its mission to uncover authentic human perspectives that are not shaped by algorithms. - The core problem TBD aims to solve is the increasing difficulty of accurately measuring human opinion online due to the proliferation of AI-generated content and bots.
