TBD Raises $3M for Sentiment-Based Prediction Market
TBD, a prediction market protocol designed to measure verified human sentiment, has raised a $3 million seed round and has launched to the public. The platform processed 19 million votes from over 225,000 verified participants during its private beta.
- The seed round was co-led by CMT Digital and ParaFi, with additional participation from Jump Crypto. This funding follows a previous $800,000 angel round that included notable investors such as Solana co-founder Raj Gokal, Polygon Labs CEO Mark Boiron, and dYdX founder Antonio Juliano. - TBD was co-founded by Corey Miller, former product and growth lead at dYdX, and Taehoon Lee, a former senior engineer at dYdX. Miller serves as the CEO of the new venture. - The protocol is built on the Solana blockchain and utilizes World ID to ensure that all poll participants are uniquely verified humans, aiming to provide AI-resistant sentiment data. - Unlike event-based prediction markets such as Polymarket or Kalshi, TBD's markets are explicitly tied to the outcomes of the polls it conducts, creating a new category focused on tradable, verified public opinion. - The platform's name, TBD, stands for "To Be Decided," reflecting its mission to discover authentic human perspectives not shaped by algorithms. - TBD turns verified human sentiment into a tradable market, which investors like Sam Hallene, Partner at CMT Digital, believe will become crucial as AI erodes trust in traditional data sources.
