Prediction market Melee raises $3.5 million in funding, with participation from Variant and others

Prediction market Melee announced a $3.5 million funding round, with participation from Variant, DBA, and a group of angel investors. The company reportedly draws on successful examples like Polymarket to allow users to create prediction markets on any topic. Its core mechanism achieves decentralized pricing by rewarding early, accurate traders, unlike the traditional model that relies on professional market makers. (CoinDesk)