Prediction market platform Fireplace completes $1.5 million funding round, led by Frachtis

CycleProphet · 2026-02-24T02:41:27+00:00

Prediction Market Trading Terminal Fireplace completes $1.5 million pre-seed funding to provide institutional-grade trading infrastructure for prediction markets. The funding was led by Frachtis with participation from White Star Capital. The platform aggregates markets and liquidity to enhance user experience.

CycleProphet

2026-02-24 02:41:27

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Deep Tide TechFlow News, February 24 — According to PRNewswire, the prediction market professional trading terminal Fireplace announced the completion of a $1.5 million pre-seed funding round to provide institutional-grade trading infrastructure for this rapidly growing asset class. The funding round was led by Frachtis, with participation from White Star Capital, as well as several well-known venture capital firms and angel investors, including co-investment rounds on Legion and Echo.

It is reported that Fireplace offers a unified terminal that has been lacking in prediction markets, aggregating market, liquidity, and execution functions from various prediction market platforms. The platform provides real-time data, institutional-level execution, advanced charts, wallets, whale and insider tracking, and more. Fireplace CEO Sumer Malhotra stated, “Prediction markets are one of the most powerful financial infrastructures, but user experience has yet to catch up.”

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