Gate News, April 2: The live prediction market platform Pumpcade has completed a $1.0 million seed round pre-financing, led by Pump.fun, with Foundation Capital and angel investor RadioSolace participating in the follow-on. This round of funding will be used to expand the engineering team and advance the go-live strategy, preparing for an exit from the private testing phase. Pumpcade enables users to create prediction markets in one click within live chat, covering a wide range of topics including cryptocurrency prices, stocks, sports events, and real-time road conditions. It compresses the full lifecycle of a prediction market to be completed within 60 seconds to 30 minutes. In terms of its settlement mechanism, the platform settles via official APIs direct connections or deterministic data sources to reduce counterparty risk and eliminate disputed window periods.
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