TBD, a prediction market protocol focused on measuring verified human sentiment, has raised $3 million in a seed round and launched publicly following a private beta. The round was led by CMT Digital and ParaFi, with participation from Jump Crypto.
The company is positioning itself as a new category within prediction markets, shifting the focus from elections and sports to global human opinion. As AI-generated content and automated bots increasingly shape online discourse, TBD aims to provide a way to measure what verified, real people think at scale.
TBD’s protocol enables individuals and organizations to launch polls that are answered exclusively by World ID–verified participants. At the same time, Solana-based prediction markets are created, allowing users to trade on the outcomes. By combining verified polling with on-chain markets, the platform seeks to align economic incentives around authentic human sentiment.
The company said its private beta concluded with more than 4,000 markets created and over 19 million votes collected from more than 225,000 unique participants worldwide.
Founded by Corey Miller and Taehoon Lee, who previously worked together at dYdX, TBD aims to organize global opinion into transparent, tradable markets and create a new framework for understanding collective belief in the age of AI.
KEY QUOTES
“The internet is flooded with synthetic content, and measuring what real people think is an increasingly difficult task. We are building TBD to discover human sentiment in a digitally native, AI-resistant, and economically sustainable manner.”
Corey Miller, Co-Founder and CEO of TBD
“The TBD team has the rare combination of deep mechanism-design thinking and relentless product velocity. TBD turns verified human sentiment into a market, which we believe will become instrumental as AI erodes trust in traditional data sources.”
Sam Hallene, Partner at CMT Digital
“ParaFi has backed prediction markets since 2018 and believe they are a natural extension of capital markets, bringing transparent, incentive-aligned pricing to future outcomes. We believe TBD thoughtfully extends that model by integrating polling and markets into a single onchain workflow, creating a tighter feedback loop between sentiment and capital. We’re excited to back this team, whose track record of bringing thoughtful, well-executed DeFi products to market gives us conviction in their ability to scale TBD.”
Anjan Vinod, Managing Director at ParaFi
