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Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch
Yahoo Finance· 2025-10-20 18:20
Core Insights - Limitless Exchange has successfully closed a $10 million seed funding round, led by 1confirmation, with participation from several notable investors, indicating strong market confidence in the platform [1] - The platform has achieved significant trading volume, surpassing $500 million, establishing itself as the largest prediction market on Base [1][3] Funding and Investor Support - The recent funding round will enhance product development and user acquisition initiatives, allowing for the introduction of shorter trading timeframes [6] - Previous strategic investments from Flyer One Ventures and SID Venture Partners have further solidified Limitless' investor base [2] Growth Metrics - Limitless experienced a remarkable 25x growth in trading volume from August to September, processing over $100 million in notional trading volume by mid-October [3] - A Kaito Launchpad sale event in September attracted over $200 million in allocation requests for a $1 million raise, highlighting strong market demand [4] Product Features and Market Position - Limitless offers a user-friendly trading experience, allowing users to enter markets within one minute and trade without liquidation risks or hidden fees [5] - The platform aims to cater to both casual and advanced traders, positioning itself as a gateway for broader market participation [5] Future Plans - The company plans to explore licensing opportunities in relevant jurisdictions to support sustainable global growth [6] - Limitless is set to launch the LMTS token, with strong backing from early investors and new industry participants [7]