Limitless Secures $4 Million Funding Led by Arthur Hayes

Limitless, a prominent prediction market platform on the Base blockchain, has successfully secured $4 million in strategic funding. This investment is part of the platform's broader vision to enhance its market position and drive growth. The funding round brings the platform's total funding to $7 million, reflecting strong confidence in its innovative approach to decentralized trading.

The latest funding round includes a strategic partnership with Arthur Hayes, the former CEO and co-founder of BitMEX, who joins Limitless as an advisor. Hayes’ family office, Maelstrom, also participated in the funding, adding credibility and industry expertise to Limitless’s long-term vision. This round follows an earlier $3 million pre-seed round led by 1confirmation, with support from a diverse group of early backers, including Collider, Public Works, Punk DAO, Coinbase Ventures, Node Capital, Paper Ventures, WAGMI Ventures, and the Base Ecosystem Fund via Echo contributors.

Since its inception, Limitless has seen rapid adoption, particularly with its flagship product—short-term price markets. These markets allow users to speculate on the price direction of assets like Bitcoin (BTC) in the immediate future using contracts similar to 0DTE (zero-day-to-expiry) options but with greater simplicity. With durations as short as one hour, these contracts have generated over $250 million in cumulative trading volume, proving especially popular among retail users seeking fast-paced and intuitive trading opportunities.

In addition to the funding, Limitless has introduced a new community-driven points program. This initiative aims to reward its growing user base and encourage deeper engagement. Participants can earn points by actively trading on the platform, providing market liquidity, and referring new users. These points will play a crucial role in the platform’s upcoming token launch, with the potential for eligible users to receive token allocations via an airdrop.

Limitless has also launched a mobile-first trading experience. This newly developed user interface is optimized for mobile devices, making real-time trading more accessible to users globally, especially those who prefer trading on the go. The interface combines simplicity with performance, catering to both seasoned crypto traders and newcomers entering the space.

CJ Hetherington, CEO at Limitless Labs, commented on the project, stating, “The future of trading is easy, fast, and powered by an army of token holders. We’re excited to bring this vision to reality.”

Limitless is the largest prediction market on the Base network, offering users an accessible way to speculate on the short-term performance of digital assets. With over $250 million in trading volume, the platform is pioneering a new crypto-native, high-frequency speculation model for a new generation of traders.

The successful completion of the funding round and the launch of the points program demonstrate Limitless's commitment to innovation and growth. The platform's focus on user engagement and community building is expected to drive its success in the competitive prediction market space. As Limitless continues to evolve and expand, it is poised to become a leading player in the prediction market industry, offering users a unique and engaging experience.