TBD Raises $3M for Human Sentiment Market
TBD, a prediction market protocol, announced a $3 million seed round and its public launch. The platform is designed to measure verified human sentiment. Prior to its public launch, the platform processed 19 million votes from over 225,000 verified participants during its private beta period.
- The $3 million seed round was co-led by CMT Digital and ParaFi, with participation from Jump Crypto. An earlier $800,000 angel round included notable investors such as Solana co-founder Raj Gokal and dYdX founder Antonio Juliano. - TBD was founded by former dYdX product and growth lead Corey Miller, who serves as CEO, and Taehoon Lee, a former senior engineer at dYdX. - The protocol is built on the Solana blockchain and uses World ID to verify that poll participants are unique humans, aiming to create an AI-resistant method for measuring sentiment. - While voting on polls is restricted to verified individuals, the corresponding prediction markets for those poll outcomes are open for anyone to trade on, including automated systems. - Unlike other prediction platforms such as Polymarket or Kalshi that focus on external events, TBD's markets are exclusively centered on the outcomes of the polls it conducts. - The name TBD, which stands for "To Be Decided," is meant to reflect the platform's goal of discovering authentic human perspectives. - Investors CMT Digital and ParaFi have each gained board observer seats as part of the seed round investment. - The platform's core concept is to create a new market category built around global human opinion, as traditional data sources become less trustworthy due to the rise of AI-generated content.
