UBet is a decentralized peer-to-peer sports prediction market led by CEO Daniel Im. The platform aims to eliminate the house and risk aversion present in existing sports prediction products by allowing fans to trade predictions at market-implied odds. Its system and architecture are designed to enable trading when users want, with reduced friction. UBet plans to use the new capital to improve the customer experience for all parties within the global sports finance market. The company is headquartered in Toronto, Canada. Financial metrics were not disclosed in the article.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022