TechFlow News: On February 24, according to PRNewswire, Fireplace—a professional trading terminal for prediction markets—announced the successful completion of a $1.5 million pre-seed funding round to build institutional-grade trading infrastructure for this rapidly growing asset class. The round was led by Frachtis, with participation from White Star Capital and several prominent venture capital firms and angel investors, including a co-investment round on Legion and Echo.
Fireplace offers a unified terminal that has long been missing in prediction markets, aggregating markets, liquidity, and execution capabilities across various prediction market platforms. The platform provides real-time data, institutional-grade execution, advanced charting tools, wallet integration, whale and insider tracking, and more. Sumer Malhotra, CEO of Fireplace, stated: “Prediction markets are among the most powerful financial infrastructures—but the user experience hasn’t kept pace.”
