TechFlow news, October 20 — According to Chainwire, prediction market platform Limitless Exchange announced a $10 million seed funding round led by 1confirmation, with participation from Collider, F-Prime, DCG, Coinbase Ventures, Node Capital, and Arrington Capital.
The funds will be used to accelerate product development, including launching markets with shorter timeframes such as 15 minutes, 10 minutes, and 1 minute, as well as expanding user acquisition initiatives. CEO CJ Hetherington stated that prediction markets are going mainstream and evolving into a new multi-billion dollar derivatives category.
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