Frontrunner is a zero gas-fee, decentralized sports prediction market that lets users buy and sell shares of teams and players across NFL, NBA and Premier League markets using crypto. It presents betting odds like stock prices through a simplified trading interface and plans ETF-style offerings so users can invest in teams, ownership groups and league divisions, with trades settled in stablecoins. The platform is built on Injective, a protocol in the Cosmos ecosystem, and also uses blockchains like Ethereum and Solana as part of a multi-chain vision. Frontrunner launched its testnet last quarter and said it will add the FIFA World Cup 2022 market and expand existing league offerings by the end of the year. The company plans to add social features next year enabling group funds for pooled investing and is pursuing an offshore gaming license in the Isle of Man in Q1 next year to enable legal operation across many jurisdictions. Financially, Frontrunner has raised $4.75M in a funding round led by Susquehanna Private Equity Investments LLP.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2022