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Polymarket-backed platform has raised $1.5 million to support financial tools to root out insider trading and other suspicious activity in prediction markets.
Polysights is an AI-powered platform that provides tools for users and institutions to spot wallet clustering, detect market anomalies, and other strategies used in prediction markets.
The beta-stage platform has raised additional funding in a pre-seed SAFE funding round backed by investment firms YZi Labs, Maven11, Varys Capital, Contribution Capital, and Edge Ventures.
“Prediction markets are becoming one of the most important layers of information on the internet,” said Tre Upshaw, founder and CEO of Polysights. “Traders, researchers, and institutions are increasingly interested in market predictions from real-time signals, but the infrastructure to interpret that data has not kept pace. There’s a reason why every major player across the ecosystem supports Polysights. Prediction markets require a dedicated intelligence layer, and Polysights is building it.”
The platform is supported by Polymarket, Predict.fun and Underdog Fantasy.
Underdog has partnered with Crypto.com to offer sports prediction markets in 16 states.
Karsi, a leading prediction market platform with over $21 billion in notional trading volume as of June 1, did not participate.
The funding announcement comes as Bernstein predicts that prediction market trading volume will reach $1 trillion by 2030.
Polymarket has come under increased scrutiny after a recent Wall Street Journal report revealed that Polymarket paid social media creators to create videos that falsely claimed to have made large profits on dummy websites that appeared to mimic the platform.
