![]() ![]() What inspired the start of PredictionStrike?īrad Chabra (cofounder) and I wanted a way to engage with and make money from watching sports, our favorite pastime. The only performance-based sports platform where fans can buy and sell virtual shares of professional athletes as if they were stocks. Tell us about the product or service that PredictionStrike offers. PredictionStrike raised $1.7M from MaC Venture Capital and New Age Capital in our first funding round. Who were your investors and how much did you raise? Technology has forged new possibilities in the athlete-fan relationship and PredictionStrike’s exchange creates a new avenue for fans to monetize their passions.ĪlleyWatch caught up with CEO and Cofounder Deven Hurt to learn more about the Aha moment for the business, the state of sports engagement, the company’s strategic plans, recent round of funding, and much, much more… The company plans to give athletes a percentage of their respective market caps to have interests aligned as well as deepen engagement. Share prices are determined by not only supply and demand but also real-time athlete performance. PredictionStrike makes investing in sports accessible with its simulated stock exchange that allows users to buy and sell virtual shares in professional athletes. However, not all fans are interested in gambling but would like to engage with sports with something on the line. Sports have become an American obsession with sports fandom defining how people view themselves over religious, political, and regional affiliations. The online sports betting industry generated over $1B in revenue in 2020 in the US and that is expected to increase sixfold by 2023 as the legalization of wagering continues to spread throughout the nation. ![]()
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