Fireplace, a professional trading terminal for prediction markets, has raised $1.5 million in a pre-seed funding round aimed at bringing institutional-grade trading infrastructure to one of the fastest-growing asset classes in financial markets. The round was led by Frachtis, with participation from White Star Capital and several other venture capital firms and angel investors, including syndicate rounds on Legion and Echo.
Fireplace positions itself as a unified terminal that aggregates markets, liquidity, and execution across prediction market venues. The platform delivers real-time data, institutional-grade execution, advanced charting, wallet tracking, whale and insider monitoring, and market discovery tools. Its wallet technology and automations are powered by in-house Enclave Money infrastructure.
As prediction markets continue to fragment across platforms and blockchains, Fireplace is building cross-venue aggregation with smart order routing. Instead of requiring traders to manually compare prices and liquidity across different venues, the platform intelligently routes orders when identical markets exist in multiple locations.
Prediction markets have expanded rapidly over the past year, becoming a major venue for trading macro events, sports outcomes, crypto-related developments, and elections. Despite the growth, tooling across the ecosystem has remained fragmented and slow.
In its first five months, Fireplace reports strong early traction, including more than 30,000 traders on its waitlist, over 10,000 organic followers on X, an official Polymarket badge on X, and a public launch on January 27, 2026.
The company says the new funding will accelerate development of its trading terminal, with a focus on execution capabilities, deeper data layers, and expanded cross-venue aggregation powered by smart order routing.
KEY QUOTES
“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.”
Sumer Malhotra, Co-Founder And CEO Of Fireplace
“Prediction markets needed their own Bloomberg Terminal. Fireplace brings real-time infrastructure and execution that simply didn’t exist before.”
Akshay Rajagopal, Co-Founder And CTO Of Fireplace
“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.”
Xavier Meegan, CIO Of Frachtis
