Adjacent Raises $2.5 Million in Pre-Seed Funding After Launching U.S. Election Indexes

Adjacent, a prediction-market index provider, said it has raised $2.5 million in a pre-seed funding round. According to ChainCatcher, the investors included Night Capital, VanEck, UFO Holdings, Maven11, and DCG. The company describes itself as an independent third-party provider of event contracts and prediction-market indexes. Adjacent said it launched a U.S. election index series this week called RED and BLUE, and plans to expand its index products to cover global elections as well as financial and economic areas.