Funds and Launch for Prediction Markets Firm TBD

In the US, a firm called TBD has launched out of private beta with $3 million in seed funding, offering a prediction market protocol designed to measure verified human sentiment.

With prediction markets around elections and sports, already widespread, the firm aims to create a similar product based on global opinion and sentiment, and says it will ensure that 'every respondent is a uniquely verified human,' enabling large-scale, 'bot-resistant' inputs at a time when synthetic content is 'flooding the Internet.'

'Measuring what real people think is an increasingly difficult task,' says CEO Corey Miller (pictured), who co-founded the company with Taehoon Lee. 'We are building TBD to discover human sentiment in a digitally native, AI-resistant, and economically sustainable manner.'

TBD's software allows individuals and organizations to launch polls answered exclusively by World ID-verified participants, creating prediction markets on the Solana network, where users can trade on the outcomes. During the private beta phase the company says it created more than 4,000 markets, and collected more than 19 million votes from more than 225,000 unique participants worldwide.

The round was led by CMT Digital and ParaFi, with participation from Jump Crypto; and the company is online at www.tbd.vote .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.