just now
Fireplace has raised $1.5 million in a pre seed funding round to develop institutional trading infrastructure for prediction markets.
The round was led by Frachtis, with participation from White Star Capital and other venture capital and angel investors, including syndicate rounds on Legion and Echo.
The Hong Kong based firm is building a professional trading terminal designed to aggregate markets, liquidity and execution across prediction market venues. The platform provides real time data, advanced charting, wallet, whale and insider tracking, discovery tools and institution grade execution. Wallet technology and automations are powered by its in house Enclave Money infrastructure.
Fireplace is developing cross venue aggregation with smart order routing, allowing traders to access the same market across multiple platforms without manually comparing pricing and liquidity. The terminal routes orders where the same contract is listed in more than one venue.
Prediction markets have expanded across macro events, sports, crypto developments and elections over the past year. The sector has grown rapidly but remains fragmented across platforms and blockchains.
In the five months since launch preparations began, Fireplace reports more than 30,000 traders on its waitlist, over 10,000 organic followers on X, and an official Polymarket badge on X. The platform launched publicly on 27 January 2026.
Sumer Malhotra, Co-Founder and Chief Executive Officer, Fireplace stated:
“Prediction markets are one of the most powerful financial primitives, but the user experience hasn't caught up. Trading feels slow and information-poor, Fireplace fixes that by giving traders the fastest, most intelligent terminal.”
Akshay Rajagopal, Co-Founder and Chief Technology Officer, Fireplace
Akshay Rajagopal, Co-Founder and Chief Technology Officer, Fireplace said:
“Prediction markets needed their own Bloomberg Terminal. Fireplace brings real-time infrastructure and execution that simply didn't exist before.”
Xavier Meegan, Chief Investment Officer, Frachtis
Xavier Meegan, Chief Investment Officer, Frachtis commented:
“Fireplace is building the professional interface that markets like Polymarket have been missing - the data, speed, and tooling that serious traders expect. This will unlock a new category for prediction markets, allowing pro-traders and institutions to participate in a new asset class.”
The funding will be used to accelerate development of the terminal, with a focus on execution capabilities, deeper data layers and cross venue aggregation supported by smart order routing.
Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — join here: https://liquidityfinder.com/join
