According to TechFlow, on September 17, Coindesk reported that the emerging prediction market platform Limitless Network announced the completion of a $3 million Pre-Seed round of financing, led by 1confirmation, with participation from Paper Ventures, Collider and Public Works.
CJ Hetherington, co-founder and CEO of Limitless Labs, said the platform is built on the Base network. Unlike industry leader Polymarket, Limitless Network does not focus on election predictions, but rather on fast-expiring prediction markets and user-created markets. The platform currently has a daily transaction volume of more than $200,000, and users spend an average of 4 hours on the platform per week, with a 7-day retention rate of 38%. Hetherington revealed that the company's 8-person team has been developing the platform for about 6 months and is about to start contacting external market makers.