How PRED Is Building the Bloomberg Terminal of Sports Prediction Markets

PRED is a decentralized, peer-to-peer sports prediction exchange on the Base blockchain, differentiating itself from traditional sportsbooks by taking no position against users and generating revenue through trading fees. Amit Mahensaria, the CEO, built PRED after experiencing the flaws of traditional sportsbooks, aiming to create a user-friendly platform specifically tailored for sports trading. PRED competes with platforms like Polymarket and Kalshi, focusing on faster execution, tighter spreads, and a wider variety of sports markets. The platform utilizes a limit order book model, enabling users to trade directly with each other without algorithmic pricing or market makers. PRED boasts sub-200 millisecond execution speeds, achieved through a custom matching engine and Base blockchain integration. Users can earn native yield on deposits, sourced from U.S. government T-bills and trading fees. The exchange's "Winners Welcome" policy is viable due to its peer-to-peer structure, where PRED doesn't take the opposing side of trades. Accel, Coinbase Ventures, Reverie, and sports professionals are investors in PRED. Mahensaria's prior experience in edtech and investment banking influences his approach. The platform's goal is to be a high-speed and user-focused sports trading platform. PRED aims to be a better alternative to traditional platforms.