PANews reported on February 17 that PRED, a sports prediction and trading platform, has completed a $2.5 million seed round of financing led by Accel, with other investors including Coinbase Ventures' Base Ecosystem Fund (BEF) and Reverie.

Pred is built on Base and claims an execution speed of only 200 milliseconds, making it closer to the standards of financial exchanges than any service offered in the traditional sports betting industry. Pred is currently in internal testing and uses an invitation-only registration process.