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Sports momentum market SpeedLabs completes $6.5 million seed funding round, led by Parlay Capital

MarsBitNews
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Mars Finance News: Sports momentum market SpeedLabs announces the completion of a $6.5 million seed round funding, led by Parlay Capital, with participation from Bullpen Capital, TA Ventures, EdgeEquity, and others. Unlike traditional prediction models, SpeedLabs has built a market engine focused on real-time sports events, which can read live game dynamics and instantly create and price markets based on on-field developments, allowing users to trade based on changes in game momentum. They believe that real-time generated new sports momentum markets have the potential to become the next growth direction for prediction markets.
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GateUser-44dde53b
· 2h ago
SpeedLabs is indeed focusing on pain points; traditional prediction markets are too slow.
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BlueberryStakingMachine
· 3h ago
Real-time momentum trading, a new toy for degenerate gamblers?
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SlippageSamurai
· 9h ago
Betting can start at any time during the competition, the pace is a bit fast.
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Frost-ColoredCubeCity
· 9h ago
The momentum market engine sounds impressive, but what's the actual experience like?
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FlamingoFrontView
· 9h ago
EdgeEquity has also joined, and it looks like institutions are optimistic about the real-time data layer.
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GateUser-ada1e8c7
· 9h ago
Real-time pricing technology is quite challenging; if it can be implemented successfully, it can truly make an impact.
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BluePeonyInTheDark
· 9h ago
Sports + DeFi finally isn't just about NFTs anymore, there's some novelty to it
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RugproofRookie
· 9h ago
What is the next growth direction in the prediction market? I'll note this down and check back in six months.
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NodeOutsider
· 9h ago
Parlay Capital leads the investment; this lineup is impressive.
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