PRED is a sports prediction exchange where users trade the probability of real-world sporting outcomes. Rather than placing bets against a house, participants buy and sell shares representing event outcomes directly with other users. There are no odds-makers, no house edge, and no risk of being limited or banned for winning. The platform allows users to exit positions before an event concludes — selling shares to lock in profits or cut losses early. This peer-to-peer structure distinguishes PRED from traditional sportsbooks and prediction markets that rely on centralized liquidity. PRED has raised a $2.5M seed round led by Accel, with participation from Coinbase Ventures and Reverie. The project is currently in a waitlist phase ahead of its Alpha launch.