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Elastics raises $2 million to build an AI prediction market operating system
CoinWorld News reports that Elastics announced it has raised $2M in its oversubscribed seed round, led by early investor FRST. According to details shared by Menlo Times and startup databases, the funding round also attracted angel investors and operators from the AI and crypto ecosystems, including co-founders of speech AI company ElevenLabs, partners from crypto trading group XBTO, co-founders of the Oracle project Redstone, and scouts from A16Z. The team stated that Elastics’ goal is “to democratize quantitative trading by providing individual traders with AI-driven automated research and execution tools,” rather than limiting complex predictive strategies to hedge funds. Elastics describes its product as an AI-native prediction market operating system, where users can express opinions in natural language, and backend agents convert these opinions into structured positions.