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Fun historical fact. One of the few prediction market companies to get VC funding was a UK company and their product HubDub. But the team saw the direction of
by jedc 11y ago
Fun historical fact. One of the few prediction market companies to get VC funding was a UK company and their product HubDub.
But the team saw the direction of their business and decided to switch everything they were doing and go into same-day fantasy sports. And that's how FanDuel began. (Roughly $1bn in market cap later)
Also, Inkling Markets was a YC W06 company and they do prediction markets as a service. While I don't think they raised any significant VC funding, they're still operating.