Pred, a peer-to-peer sports trading exchange built on Base blockchain, opened public access on June 4 following an eight-week private beta that generated $5 million in notional volume. The platform launch is timed for the opening match of the 2026 FIFA World Cup to onboard mainstream sports bettors into Web3. CEO and co-founder Amit Mahensaria stated the World Cup provides a month-long trading cycle where every match reprices the book in real time, building trading habits rather than one-off engagement seen in single-event prediction markets like the 2024 U.S. presidential election.
Pred Beta Phase Records $5M Volume Across 100,000 Trades
During its invite-only beta phase, Pred saw engagement from more than 300 users who executed over 100,000 trades focused on soccer markets. According to internal data provided by the company, 86% of those beta traders remained active week over week, and 83% made repeat deposits.
Pred operates as a sports-native decentralized exchange utilizing an onchain order book that allows traders to match positions directly against one another. The company claims a trading settlement speed of 200 milliseconds, with markets resolving in three minutes. All positions are denominated in USDC stablecoin, settled onchain, and accrue native yield on deposits.
"Positions settle on-chain in USDC, funds stay in your wallet, and the order book is open to see," Mahensaria said. "That removes the trust gap that keeps a lot of people off online sports trading."
Pred Plans Year-Round Sports Market Coverage Post-World Cup
Mahensaria dismissed concerns about post-World Cup user volume decline, pointing to the continuous nature of the global sports calendar. "Sports don't have a post-event cliff," Mahensaria said. "The World Cup ends and the domestic leagues are already back. Premier League, La Liga, the Champions League, the NBA season. There's always a match, so there's always volume."
The exchange is positioning itself against traditional sportsbooks and broader prediction markets by focusing on specialized micro-markets. These include 15-minute in-game markets that settle during live play, "1UP" and "2UP" markets that close immediately when a specific goal differential is met, and live moneyline markets.
Mahensaria emphasized that these formats translate to year-round league play. "The markets that perform during the tournament---15-minute markets, live moneyline, session markets---aren't World Cup specific. They run daily across every league, so the engagement you build in June and July has somewhere to go in August."
Pred Peer-to-Peer Model Matches Traders Without Platform Position-Taking
Unlike traditional sportsbooks that rely on internal market makers to take the other side of a wager, Pred's peer-to-peer model matches traders directly against one another. "A two-sided market doesn't need a house, it needs liquidity from independent participants quoting both sides," Mahensaria explained. "The structural point is what we don't do: we never take a position against our own traders. The counterparty is another trader, never the platform, so there's no conflict between us and the people trading on the book."
To ensure niche in-game events remain viable on thinner books, the platform relies on market pricing mechanisms rather than centralized intervention. "A thin book carries a wider spread, and a wider spread is what makes that market worth quoting for a liquidity provider," Mahensaria said. "Liquidity is drawn to the opportunity rather than assigned by the platform. The model points liquidity to where traders actually want to trade, with the house never on either side of the trade."
Mahensaria, who spent 22 years trading sports, stated this model directly addresses structural limitations and "exploitative pricing" that traditional sportsbooks impose on successful traders. "Pred is the exchange I wanted as a trader," he said. "The UX and speed of a sportsbook, the pricing and transparency of an on-chain exchange."
The public release features the platform's V2 iteration, which developers rebuilt based on feedback from more than 300 user interviews during the beta phase. Pred is backed by venture capital firms Accel and Coinbase Ventures.
Frequently Asked Questions
What did Pred launch on June 4?
Pred opened public access to its peer-to-peer sports trading exchange on Base blockchain on June 4, following an eight-week private beta phase that generated $5 million in notional volume from more than 300 users executing over 100,000 trades.
How fast does Pred settle trades?
Pred claims a trading settlement speed of 200 milliseconds, with markets resolving in three minutes. All positions are denominated in USDC stablecoin and settled onchain.
Who backs Pred?
Pred is backed by venture capital firms Accel and Coinbase Ventures. CEO and co-founder Amit Mahensaria spent 22 years trading sports before launching the platform.
