CRSHMARKET Raises $3.5 Million to Build a Live Prediction Market

CRSHMARKET raised $3.5 million in a seed round to develop a Monad-powered prediction market for live content, where users can forecast outcomes and settle predictions within 60 seconds.

6th Man Ventures led the round, with Reciprocal Ventures, Lattice Fund and Starting Line also participating. CRSHMARKET said the funding will support development of the product.

The company is based in New York. It lists Evan Rama, Param Patel and Lucas Pichette as co-founders and describes its product as powered by Monad.

CRSHMARKET previously disclosed that, about four months after launch, its platform had recorded more than $10 million in trading volume, more than 50,000 users and more than 550,000 transactions. The company also had raised more than $1 million in earlier financing.