195 Days and Done: Why This Crypto Prediction Platform Just Shut Down
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Fireplace, a crypto prediction markets trading terminal that raised $1.5 million in February, announced on August 10 it is shutting down and told users they have until September 30 at 23:59 UTC to close positions, withdraw funds, and export accounts. The abrupt closure gives no stated reason, creates operational and counterparty risk for DeFi/prediction markets users and builders, and could hinder adoption of its trading terminal technology despite an offer for developers to contact the team.
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Fireplace, the prediction markets trading terminal that raised $1.5 million in February, told users on August 10 that it is shutting down and gave them until September 30 at 23:59 UTC to close positions, withdraw funds, and export their accounts.
“We’re shutting down Fireplace,” the company posted. “To everyone who traded with us and supported us along the way, thank you. It was a hell of a run.” No reason for the closure appears anywhere in the announcement, and a reply asking whether the problem was volume drew no response from the company. Fireplace asked anyone building in prediction markets and interested in its technology to contact the team directly. The terminal stays online until September 30 at 23:59 UTC.
Predictions Markets
See what traders are focused on
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Predictions Markets
See what traders are focused on
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