MoonPay Buys Dawn Labs, Launches Dawn CLI for Prediction Markets

MoonPay acquired Dawn Labs for an undisclosed amount and on May 11 launched Dawn CLI, an artificial intelligence tool designed to generate plain-English trading strategies for prediction markets such as Polymarket and Kalshi. The company announced the acquisition and product release in a single statement.

Dawn CLI is a command-line interface that lets users describe strategy ideas in natural language and converts those descriptions into executable instructions for use on supported prediction-market platforms. The product targets traders who combine social signals, automated tactics and cross-platform positions but lack a single high-performance infrastructure to tie those elements together.

Neeraj Prasad, founder of Dawn Labs, described the CLI as “a way to lower technical barriers for active traders” and said the firm aims to “democratize trading by general intelligence.” MoonPay characterized prediction markets as one of the fastest-growing categories and noted many active traders currently stitch together data feeds, social sentiment and automation scripts across different platforms.

MoonPay did not disclose the purchase price for Dawn Labs. The company said it will integrate Dawn Labs’ technology with MoonPay’s payments and product infrastructure to streamline access to strategy tools, and plans to roll Dawn CLI out across the prediction-market ecosystem.

The launch comes as the prediction-market sector faces legal and regulatory challenges. Several state-level lawsuits allege operators have facilitated activities that violate state law. The U.S. Commodity Futures Trading Commission has asserted exclusive jurisdiction over certain prediction-market contracts. Caroline Pham, who served as MoonPay’s chief legal officer until December 2025, previously worked as a CFTC commissioner and acting chair.

Regulators and enforcement actions have raised concerns about the misuse of nonpublic information on such platforms. In April, federal prosecutors charged a soldier with using classified information about a U.S. military operation to profit more than $400,000 by trading event contracts on Polymarket.

Investor interest in prediction markets has increased recently. Kalshi completed a $1 billion funding round last week that pushed its valuation to about $22 billion, roughly double its value five months earlier. MoonPay highlighted prior work on related tooling, including open-source wallet standards for AI agents, as part of its broader product roadmap.