Peer-to-peer decentralized sports trading exchange Pred has officially opened its platform to the public. The launch came on June 4, just days before the opening match of the 2026 FIFA World Cup. The platform completed an eight-week private beta phase that generated $5 million in notional volume.
Pred is built on the Base blockchain network. The timing of the public debut aligns with the global soccer tournament, which the team sees as a way to onboard mainstream sports bettors into Web3. This approach mirrors how some platforms used the excitement around the 2024 U.S. presidential election to drive adoption for general prediction markets.
Beta Performance and User Engagement
During its invite-only beta phase, Pred saw over 300 users execute more than 100,000 trades focused on soccer markets. According to internal company data, 86% of beta traders remained active week over week, and 83% made repeat deposits. The platform functions as a sports-native decentralized exchange with an onchain order book. Traders match positions directly against one another. The company reports a trading settlement speed of 200 milliseconds, with markets resolving in three minutes. All positions use the $USDC stablecoin, settle onchain, and accrue yield on deposits.
Amit Mahensaria, CEO and co-founder of Pred, said that big events help bring people in quickly. He pointed to the 2024 US election as an example. But he noted an election resolves once, while the World Cup runs for a month. Every match and goal reprices the book in real time, which he believes builds a trading habit rather than a one-off event.
Targeting Year-Round Sports Volume
A common challenge for event-driven betting platforms is a drop in user volume after a major tournament ends. Mahensaria dismissed these concerns. He said sports don’t have a post-event cliff. The World Cup ends, but domestic leagues like the Premier League, La Liga, Champions League, and NBA season are already back. There’s always a match and always volume.
Pred positions itself against traditional sportsbooks and general-purpose prediction markets by focusing on specialized micro-markets. These include 15-minute in-game markets that settle during live play, “1UP” and “2UP” markets that close when a specific goal differential is met, and live moneyline markets. Mahensaria emphasized that these formats work during league play too. The engagement built in June and July can continue into August.
Peer-to-Peer Model vs Traditional Sportsbooks
Unlike traditional sportsbooks that use internal market makers, Pred matches traders directly against one another. This changes how the platform handles liquidity, especially during lower-profile group-stage matches. Mahensaria explained that a two-sided market doesn’t need a house. It needs liquidity from independent participants quoting both sides. The platform never takes a position against its own traders. The counterparty is always another trader, not the platform. This removes any conflict between the platform and the people trading on the book.
For niche in-game events with thinner books, the platform relies on market pricing. A wider spread makes that market worth quoting for a liquidity provider. Liquidity is drawn to opportunity rather than assigned by the platform. The model points liquidity to where traders actually want to trade.
Mahensaria, who spent 22 years trading sports, said this model addresses structural issues in traditional sportsbooks. He believes they impose exploitative pricing on successful traders. He described Pred as the exchange he wanted as a trader, combining the user experience and speed of a sportsbook with the pricing and transparency of an onchain exchange.
The public release features the platform’s V2 iteration. Developers rebuilt it based on feedback from over 300 user interviews during the beta phase. Pred is backed by venture capital firms Accel and Coinbase Ventures.
