Jokerace

What Jokerace does

Jokerace, operating under the trade name Confetti and legally organized as JK Labs Inc., is a no-code onchain competition and prediction-market platform founded in 2022 and staffed by a small team (1-10 employees), with firmographic references to Berlin, Germany and a U.S. corporate entity. The platform lets anyone create a contest around a subjective question (e.g., "greatest athlete ever?", "is AI a bubble?") and lets participants buy votes to fund a rewards pool. Its core technical differentiator is an exponential price curve voting mechanism: vote prices rise over time (approximately 1.9% every 60 seconds, roughly $0.003 to $0.05 per vote), so earlier, higher-conviction voters pay less and capture a larger proportional share of the pool. The product is fully onchain and has been deployed across 90+ networks, primarily Polygon, with activity also on Ethereum mainnet and Abstract, verifiable via Etherscan.

The company monetizes through a transaction take rate rather than subscription tiers: of all funds spent on votes, 90% flows to the voter rewards pool, 5% to the contest creator, and 5% to the platform. Go-to-market is product-led and self-serve — users connect a crypto wallet to create contests, submit entries, or vote, with no sales team or onboarding — supplemented by community-led distribution through Telegram, X (@confetti_win), GitHub, and Linktree. Discovery occurs organically on the platform via live, past, and upcoming contest feeds and featured contests on the homepage.

Its target customer segment is blockchain/Web3 projects and protocols seeking no-code community-engagement and incentive mechanisms (competitions, debates, hackathons); named users include Polygon, Farcaster, and Bankless. Disclosed scale metrics are modest: approximately $1,750,000 generated cumulatively for voters, 211 contests created by the company-linked account contests.jklabs.eth, and individual contest reward pools generally in the $200-$1,900 range. The company raised a $3 million seed round in July 2024 led by Maven 11 with roughly 30 angel investors, following an earlier reported ~$2 million round in August 2023 led by 1kx.

Name

Jokerace

Legal name

JK Labs Inc.

Website

https://jokerace.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Jokerace (d/b/a Confetti) is a no-code onchain competition and prediction-market platform that lets Web3 projects and users create contests and buy votes on an exponential price curve, serving blockchain communities like Polygon, Farcaster, and Bankless.

Ownership category

akta.pro rank

Product category

Prediction Markets

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Prediction Markets & Event Derivatives (Crypto) (FSADAGAG)

akta.pro secondary industry

Play-to-Earn & Reward Platforms (questing, loyalty, airdrop mechanics) (FSAPAGAH)

Keywords

• Onchain contest platform
• Prediction markets
• No-code contests
• Blockchain voting
• Web3 community engagement

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Platform Take Rate on Contest Volume: Confetti takes 5% of all funds spent on votes in contests created on the platform. The remaining 90% goes to voters as rewards pool, and 5% goes to contest creators. This is a transaction-fee model where revenue scales proportionally with platform activity.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Confetti (Jokerace) is a no-code onchain contest and prediction-market platform where users create subjective-question contests and buy votes priced on an exponential price curve. 90% of vote spend funds a rewards pool distributed proportionally to voters who select winners, 5% goes to the platform, and 5% goes to contest creators. The platform is deployed across 90+ blockchain networks including Polygon, Ethereum mainnet, and Abstract.

Product overview

Confetti is a unified no-code onchain competition and prediction market platform. The core product consists of contest creation tools for organizing prediction markets on blockchain networks, a voting mechanism using exponential price curves for market-based pricing, and a rewards pool system distributing 90% of funds to voters who predict winners. The platform operates primarily on Polygon blockchain and is used by organizations including Polygon, Farcaster, and Bankless for community engagement initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Confetti A no-code onchain competition and prediction-market platform enabling blockchain projects and individual users to organize contests on any subjective question. Contest creators configure submission rules and voting windows; voters buy votes on an exponential price curve, with 90% of spend funding a rewards pool distributed proportionally to voters who select winners, 5% retained by Confetti, and 5% earned by the contest creator. Deployed across 90+ chains including Polygon, Ethereum mainnet, and Abstract.

Quantifiable outcome

• $1,750,000 generated for voters across all contests
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Rollbit: Crypto-native casino and sports-betting platform incorporating prediction-style mechanics and token rewards. Comparable as an emerging Web3 gambling/prediction venue, with different go-to-market but overlapping audience and crypto rails.

Direct peers

• Limitless Exchange: Onchain prediction exchange enabling trading on real-world events with binary markets. Comparable as a next-generation crypto prediction venue competing with Confetti for both creators and voters.
• Polymarket: Decentralized prediction market where users trade on real-world event outcomes using crypto. Direct competitor to Confetti in onchain event/prediction markets, with significantly deeper liquidity and well-funded infrastructure.
• Augur: Pioneer peer-to-peer decentralized prediction market protocol built on Ethereum with REP/REPv2 tokens for outcome staking. Comparable as an onchain oracle-driven prediction market, though Confetti differentiates via contest UX and price curves rather than trading pairs.
• SX (SportX): Decentralized sports betting and prediction exchange on Polygon. Comparable as an onchain sports/contest venue with crypto rails, directly overlapping Confetti's sports-debate use cases (e.g., Messi vs. Ronaldo, Biles vs. Clark contests).
• Azuro Protocol: Web3 prediction infrastructure layer providing liquidity and tooling for onchain betting apps. Comparable as B2B infrastructure for onchain contests/predictions, addressing the same Web3 project customer segment.

Others

• Layer3: Web3 community engagement platform offering quests, learn-to-earn, and onchain tasks. Comparable not as a direct prediction competitor but as adjacent infrastructure for the same Web3 project customer segment seeking no-code community engagement tools.
• Galaxis: Web3 community and membership platform enabling projects to deploy tokens, profiles, and engagement tools. Comparable as a thematically adjacent infrastructure layer for Web3 community building, addressing the same Polygon/Farcaster/Bankless ecosystem customers.

Broad incumbents

• Kalshi: CFTC-regulated U.S. event prediction exchange offering futures-style contracts on real-world outcomes. A larger, well-capitalized incumbent in the same core prediction-market category but operating under formal regulatory oversight rather than Web3 rails.
• PredictIt: Long-running real-money political prediction market operating under CFTC no-action relief. Established incumbent in prediction markets with similar contest/vote-on-winners mechanics, providing a regulated template Confetti could converge toward or diverge from.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/jokerace_io
• GitHubgithub.com/jk-labs-inc/confetti

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jokerace