Sports "momentum market" SpeedLabs completes $6.5 million seed round financing, led by Parlay Capital
By: rootdata|2026/06/03 04:45:01
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"Momentum Markets" SpeedLabs announced the completion of a $6.5 million seed round financing, led by Parlay Capital, with participation from Bullpen Capital, TA Ventures, EdgeEquity, and others.
Unlike traditional prediction models, SpeedLabs has built a market engine for real-time sports events that can read the real-time dynamics of the game and instantly create and price markets based on on-field dynamics, allowing users to trade based on changes in game momentum. It believes that the newly generated real-time event momentum market is expected to become the next growth direction for prediction markets.
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