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YZi Labs Backs Predict.fun Again in Onchain Prediction Market Funding Round

YZi Labs Backs Predict.fun Again in Onchain Prediction Market Funding Round

According to YZi Labs, it made a strategic follow-on investment in Predict.fun alongside Susquehanna Crypto after the project’s EASY Residency participation, with the company citing platform trading and order-matching growth.

Summary

According to YZi Labs’ official announcement, the firm made a strategic follow-on investment in onchain prediction market platform Predict.fun alongside Susquehanna Crypto after the second season of its EASY Residency program. The company states that Predict.fun has recorded more than $1.8 billion in cumulative trading volume and over 4 million matched orders, and that the platform completed the acquisition of Probable in March.

Terms & Concepts
  • Onchain prediction market: A blockchain-based market where users trade on the outcome of future events using smart contracts recorded onchain.
  • Follow-on investment: An additional investment made by an existing backer into a company after an earlier funding round.
  • Trading volume: The total value of trades executed on a platform or in a market over a given period.