Fireplace Secures $1.5M to Develop Institutional-Grade Trading Tools for Prediction Markets

8832aac30b131b65672244e4fa99b7df Fireplace Raises $1.5M to Build Institutional Trading Infrastructure for Prediction Markets

HONG KONG, Feb. 17, 2026 — , a professional trading terminal for prediction markets, has announced a $1.5 million pre-seed funding round. The capital will be used to develop institutional-grade trading infrastructure for one of history’s fastest-growing asset classes. The investment was spearheaded by Frachtis, with contributions from White Star Capital and other prominent venture capital firms and angel investors, including syndicate rounds on Legion and Echo.

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Fireplace provides a solution to a long-standing gap in prediction markets: a single terminal that consolidates markets, liquidity, and trade execution across various platforms. It offers real-time data, execution quality suitable for institutions, sophisticated charting tools, and features for tracking wallets, major holders, and insider activity. Its wallet technology and automated functions are supported by its proprietary Enclave Money infrastructure.

With prediction markets becoming dispersed across different platforms and blockchains, Fireplace is engineered to enable aggregation across venues using smart-order-routing. This eliminates the need for traders to manually check prices and liquidity on different sites, as Fireplace will automatically direct orders to the best available market.

“Prediction markets are among the most potent financial instruments, yet the user experience has lagged behind,” stated Sumer Malhotra, Co-Founder and CEO of Fireplace. “Trading often seems sluggish and lacking in data. Fireplace addresses this by providing traders with the quickest and smartest terminal available.”

The past year has witnessed massive growth in prediction markets, establishing them as key platforms for trading on macroeconomic events, sports, cryptocurrency developments, and elections. However, the available trading tools continue to be disjointed, slow, and data-deficient.

Fireplace has achieved significant momentum in only five months:

  • A waitlist exceeding 30,000 traders
  • Over 10,000 organic followers on X
  • An official Polymarket badge on X
  • A public launch date of January 27, 2026

Akshay Rajagopal, Co-Founder and CTO, commented: “Prediction markets required their equivalent of a Bloomberg Terminal. Fireplace introduces real-time infrastructure and execution capabilities that were previously unavailable.”

Fireplace operates as a layer on top of current prediction markets, bringing together markets, traders, and liquidity into one unified interface.

“Fireplace is creating the professional interface that platforms like Polymarket have lacked—delivering the data, speed, and tools that dedicated traders demand. This development will open up a new segment for prediction markets, enabling professional traders and institutions to engage with this emerging asset class,” remarked Xavier Meegan, CIO of Frachtis.

The new funds will speed up the terminal’s development, prioritizing trade execution, enhanced data analytics, and cross-platform aggregation powered by smart-order-routing.

Fireplace Pro’s launch:

Founder Image of Sumer Malhotra (Left) and Akshay Rajagopal (Right)

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