Pred opens on Base after $5M beta before World Cup

Pred, a peer-to-peer sports trading exchange, opened public access on the Base blockchain on June 4 after an eight-week invite-only beta that produced $5 million in notional volume. The launch came days before the opening match of the 2026 FIFA World Cup.

During the beta, more than 300 users executed over 100,000 trades concentrated on soccer markets. Internal data show 86% of those users remained active week to week and 83% made repeat deposits. Pred released a V2 rebuild based on more than 300 user interviews. The company counts Accel and Coinbase Ventures among its backers.

Pred uses an on-chain order book that matches traders directly against each other. Trades are denominated in USDC and, the company reports, settle on-chain in about 200 milliseconds. Markets typically resolve in roughly three minutes. Deposited funds remain in users’ wallets and accrue native yield while positions are open. Open positions are visible on the order book.

The exchange offers short-duration and in-play markets for tournament and league matches. Formats include 15-minute in-game markets, live moneyline markets and “1UP” and “2UP” markets that close when a specified goal differential occurs. Pred plans to add live micro-markets after the World Cup to cover domestic leagues such as the Premier League, La Liga and the NBA.

Pred does not act as the counterparty to trades. Amit Mahensaria, Pred’s CEO and co-founder, explained: “A two-sided market doesn’t need a house; it needs liquidity from independent participants quoting both sides.” He added that wider spreads on thin books can make niche markets attractive for market makers.

Mahensaria, who spent 22 years trading sports, described Pred as a product built for experienced traders and said the platform pairs sportsbook-style speed with on-chain pricing transparency. The company positions the release to capture concentrated World Cup volume and steady, year-round trading from domestic leagues.