TechFlow news, September 17 — According to Coindesk, emerging prediction market platform Limitless Network announced it has raised $3 million in pre-seed funding led by 1confirmation, with participation from Paper Ventures, Collider, and Public Works.
CJ Hetherington, co-founder and CEO of Limitless Labs, said the platform is built on the Base network. Unlike industry leader Polymarket, which focuses heavily on election predictions, Limitless Network emphasizes fast-expiring prediction markets and user-created markets. The platform currently sees over $200,000 in daily trading volume, with users spending an average of four hours per week on the platform and a 38% seven-day retention rate. Hetherington revealed that the company's eight-member team has been developing the platform for about six months and will soon begin engaging external market makers.
