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.
- 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.
