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Polymarket-backed platform Polysights has raised $1.5 million in a pre-seed SAFE funding round to expand AI-powered surveillance tools for prediction markets, including technology designed to detect insider trading, wallet clustering and market anomalies.
The beta-stage company said the financing was backed by YZi Labs, Maven11, Varys Capital, Contribution Capital and Edge Ventures.
Polysights develops AI-powered tools for users and institutions to identify wallet clustering, detect anomalies in markets and analyze other strategies used on prediction markets.
“Prediction markets are becoming one of the most important information layers on the internet,” said Tre Upshaw, Polysights founder and CEO. “Traders, researchers, and institutions are increasingly looking to prediction markets for real-time signals, yet the infrastructure for interpreting that data has not kept pace.
“There is a reason why all of the major players across the ecosystems are supporting Polysights —prediction markets need a dedicated intelligence layer, and Polysights is building it,” Upshaw added.
The platform is supported by Polymarket, Predict.fun and Underdog Fantasy.
The funding announcement follows a Bernstein projection that prediction market trading volume will reach $1 trillion by 2030.
Kalshi, the largest prediction market platform with more than $21 billion in notional trading volume as of June 1, did not participate in the funding round.
Underdog has partnered with Crypto.com to provide sports prediction markets in 16 states.
The investment announcement also comes after a Wall Street Journal report said Polymarket paid social media creators to produce videos falsely showing they earned large profits on a dummy website designed to resemble the platform.