Sports “momentum market” SpeedLabs closes $6.5M seed round, led by Parlay Capital

According to FINsmes, sports “momentum market” SpeedLabs announced the completion of a $6.5 million seed funding round, led by Parlay Capital, with participation from Bullpen Capital, TA Ventures, and EdgeEquity. Unlike traditional prediction models, SpeedLabs has built a market engine designed for live sporting events—capable of reading real-time game dynamics and instantly creating and pricing markets based on in-game developments, enabling users to trade on shifts in game momentum. The company believes these newly generated, real-time event momentum markets represent the next growth frontier for prediction markets.