GAMBITY

TrueMarkets vs Limitless Exchange

Attribute TrueMarkets Limitless Exchange
Founded 2024 2023
HQ New York, USA Lisbon, Portugal
Type Decentralized Prediction Protocol Decentralized On-Chain Prediction Protocol
Regulated ❌ No ❌ No
Valuation $100M+ (2026)
Status Active Active
Prestige 38% 62%
TrueMarkets

TrueMarkets was established in 2024 by Web3 builder MilliΞ as a decentralized prediction protocol engineered to attach market-driven probability feeds directly to digital media and news reporting.

In November 2024, the platform raised $4.03 million in a public Patron NFT sale across 15,071 mints—attracting prominent Web3 backers including Ethereum co-founder Vitalik Buterin, who purchased 400 NFTs.

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Limitless Exchange

Limitless Exchange was founded in late 2023 by CJ Hetherington, Rev Miller, Roman Mogylnyi, and Dima Horshkov to solve the core structural friction plaguing first-generation decentralized prediction platforms: slow settlement speeds, high gas costs, and poor liquidity for short-term events. Recognizing that platforms like Polymarket focused primarily on macro multi-month political events, the team engineered Limitless as a high-velocity protocol specifically optimized for micro-duration contracts—such as hourly crypto price brackets, daily equity moves, and real-time social metrics.

Built on Coinbase’s Ethereum Layer-2 network Base, Limitless pairs on-chain order execution with hybrid Central Limit Order Book (CLOB) architecture to eliminate automated market maker (AMM) slippage while preserving non-custodial wallet interaction. The protocol quickly attracted institutional backing, raising a $3 million pre-seed round led by 1confirmation alongside Coinbase Ventures, followed by a $4 million strategic round backed by Arthur Hayes’ Maelstrom fund and a major $10 million Series A expansion in late 2025. To further lower trading barriers, Limitless allows users to state arbitrary market conditions using natural language, which smart contracts automatically parse into tradable binary contracts.

Full profile: Limitless Exchange →