Prediction market protocol TBD has raised $3 million in seed funding, co-led by CMT Digital and ParaFi.

PANews reported on February 25th that TBD, a prediction market protocol based on Solana, announced the completion of a $3 million seed funding round. The round was co-led by CMT Digital and ParaFi, with participation from Jump Crypto. CMT and ParaFi will receive board observer seats. Previously, the project had also completed an $800,000 angel round with participation from Solana co-founder Raj Gokal and others.

Founded by former dYdX team members, TBD is a prediction market protocol focused on "validating" human opinion. The protocol uses World ID for authentication to ensure voting participants are real humans, while prediction trading is open to all users. Users can bet on the results of various opinion polls, and voters receive USDC rewards for participating. The project has now completed its private testing phase and officially launched, recording over 19 million votes during the testing period.