195 Days and Done: Why This Crypto Prediction Platform Just Shut Down

Prediction markets terminal Fireplace is shutting down less than seven months after launch. The company raised $1.5 million in February and is giving users until September 30 to close positions and withdraw funds. 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. We’re shutting down Fireplace. To everyone who traded with us and supported us along the way – thank you. It was a hell of a run. The site stays open until the end of September so you can close positions, withdraw funds, and export your account. Please do it be...