FinTechFunding

UBet: Raises $2.7M in Seed Funding

UBet Raises $2.7M in Seed Funding

  • UBet, a Toronto, Canada-based decentralized sports prediction market, raised $2.7M in Seed funding
  • The round was led by Shima Capital, GSR, Republic Crypto, LD Capital, Old Fashioned Research, Decimus, and M6, with participation from Daniel Hannigan-Daley and David Hong
  • The company intends to use the funds to improve the customer experience for all parties within the global sports finance market
  • The company is a decentralized peer-to-peer sports prediction market, which aims to eliminate the house and risk aversion that exists within existing sports prediction market products
  • Their system and architecture will allow all sports fans to trade their predictions, when they want, at market-implied odds without friction
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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