CRSHMARKET raises $3.5M seed to settle livestream bets in 60 seconds
What's the deal? CRSHMARKET, a New York-based livestream prediction market, has raised a $3.5 million seed round led by 6th Man VenturesDealroom has a profile for this one. Try Dealroom →. Reciprocal VenturesDealroom has a profile for this one. Try Dealroom →, Lattice Fund, and Starting Line also took part, bringing the company's total funding to $4.3 million.
What's the endgame? CRSHMARKET lets viewers predict what happens next in live content, with markets that open and settle inside a single stream. "We're building a new way to interact with live content, where anyone can predict what happens next with 60 second settlements," co-founder and chief executive officer Evan Rama wrote on LinkedIn.
Why now? Five months after launch, the company says it has passed $10 million in trading volume, 42,000 users, and 500,000 trades. That works out to an average trade of about $20 — a product built on frequency, not size.
What's different? Most prediction market contracts settle only when a game, election, or data release is over. CRSHMARKET runs on a much shorter clock, with results delivered in 60 seconds. The product is supported by Monad, and the team has grown to eight full-time employees.
What could go wrong? The sector faces regulatory uncertainty: the Commodity Futures Trading Commission has been revisiting rules for event contracts, and operators continue to dispute whether some products are financial contracts or gambling.
The signal: CRSHMARKET's $3.5 million is a small bet on a fast-growing category. Kalshi announced a $1 billion raise at a $40 billion valuation in October, while larger platforms expand into sports and other event contracts. The round stands out as an early experiment in applying prediction markets to live entertainment — not yet a proven challenger to the established players.
Read more: cointime.ai
Image credit: Generated with Gemini
