Pump.fun leads $1 million pre-seed funding round into livestream prediction markets startup Pumpcade
Summary
Pump.fun has spearheaded a $1 million pre-seed funding round for Pumpcade, a platform that enables gamified, short-duration prediction markets within livestream chats. The investment, which also included participation from Foundation Capital and RadioSolace, will support engineering expansion and go-to-market strategies as Pumpcade prepares to exit private beta. By utilizing official APIs for deterministic data resolution, Pumpcade aims to eliminate counterparty risk while offering a high-speed trading experience for various topics, ranging from crypto prices to live sports.
(Source:The Block)