Pred Raises $2.5M from Accel and Coinbase Ventures to Challenge the $112 Billion Sportsbook Industry

Pred, a peer-to-peer sports prediction exchange built on Coinbase's Base blockchain, has raised $2.5 million in funding led by Accel, with participation from the Base Ecosystem Fund (BEF) by Coinbase Ventures and Reverie. The platform offers 200-millisecond trade execution and spreads under 2%, positioning itself as an exchange-model alternative to traditional sportsbooks in a prediction market industry that processed over $44 billion in trading volume in 2025. The global sports betting market, valued at approximately $112 billion in 2025, remains dominated by house-controlled operators, and Pred is betting that blockchain infrastructure has matured enough to change that.