YZi Labs Makes Follow-On Investment in Predictfun Prediction Market
YZi Labs states that its additional backing reflects continued conviction in prediction markets, as Predictfun reports more than 4 million matched orders and over $1.8 billion in trading volume.
Summary
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Terms & Concepts
Prediction market: A marketplace where users trade on the outcome of future events, with prices often reflecting collective expectations.
Trading volume: The total value of transactions executed on a platform over a given period, used to gauge activity and liquidity.
Strategic follow-on investment: An additional investment in an existing portfolio company, typically made to support growth after an earlier funding round.