Hedgehog Markets
Hedgehog Markets is a Solana-based decentralized prediction markets platform that lets users create and bet on binary outcomes across crypto, politics, sports, tech, and custom topics via a self-serve, wallet-connected web interface.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2C
- OfferingSoftware
What Hedgehog Markets does
Hedgehog Markets is a decentralized prediction markets platform built on the Solana blockchain. Founded in 2021 and headquartered in New York, the company enables users to create and trade on binary prediction markets across five horizontal categories: Crypto, Politics, Tech, Sports, and Other. Its product surface consists of three modules — Versus (head-to-head style binary markets), Classic (traditional odds-based prediction markets), and a Custom Market Creation tool that allows any user to launch a market on any topic. The underlying technology stack is built on Solana smart contracts, and user access is via a self-serve web interface that connects directly to a user's cryptocurrency wallet, eliminating intermediation and providing censorship resistance as a stated value proposition.
The platform operates on a product-led growth motion targeting crypto-native users, sports bettors, political prediction participants, and general speculative users globally. Revenue is generated through transaction fees on prediction market bets, though no specific fee schedule has been publicly disclosed. Distribution is primarily through organic crypto/blockchain ecosystem listings and direct web access rather than paid channels. In July 2021, Hedgehog Markets raised a $3.5 million seed round led by the Solana Foundation with participation from Alameda Research, Divergence Ventures, Manna, mgnr.io, Reciprocal Ventures, and Republic Capital, with stated use of funds to prepare for mainnet launch, expand talent, and hit platform milestones. No subsequent funding rounds or material strategic events have been disclosed in the available data.
Hedgehog Markets firmographics
Firmographics- Name
- Hedgehog Markets
- Website
- https://hedgehog.markets
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Hedgehog Markets is a Solana-based decentralized prediction markets platform that lets users create and bet on binary outcomes across crypto, politics, sports, tech, and custom topics via a self-serve, wallet-connected web interface.
- Ownership category
- akta.pro rank
Hedgehog Markets industry classification
Industry- Product category
- Decentralized Prediction Markets
- NAICS
- Securities and Commodity Exchanges (523210), Commodity Contracts Intermediation (52316), Commodity Contracts Intermediation (523160)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Prediction Markets & Event Derivatives (Crypto) (FSADAGAG)
- akta.pro secondary industries
- Prediction Markets & Event-Based On-Chain Trading (FSADABAM), Prediction Markets & Information Finance (FSADAMAJ)
Keywords
Where Hedgehog Markets is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Hedgehog Markets business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Prediction Market Transaction Fees: Platform likely generates revenue through fees on prediction market bets placed by users. Users bet on outcomes for sports, politics, crypto, COVID-19, and other categories.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Odds-based betting system |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Hedgehog Markets product offering
Product offeringCore offering
Hedgehog Markets operates a decentralized prediction markets platform built on the Solana blockchain where users can bet on the outcomes of future events. The platform offers two main market formats—Versus (head-to-head contests) and Classic (binary Yes/No markets)—across categories including Crypto, Politics, Tech, Sports, and Other. Users can connect a web wallet and either place bets on existing markets at displayed odds or create their own custom prediction markets on any topic.
Product overview
Hedgehog Markets is a decentralized prediction markets platform built on Solana, offering users the ability to bet on virtually any future event. The platform operates as a unified product with multiple market format modules: the core 'Classic' markets for traditional binary prediction markets, the 'Versus' feature for direct head-to-head style contests, and a 'Custom Market Creation' tool enabling users to create markets on any topic. Markets span categories including Crypto, Politics, Tech, Sports, and Other.
Differentiator
Problem solved
Functional benefit
Products and services
- Versus Direct head-to-head prediction contest feature on the Solana blockchain where users create or join one-on-one style markets across categories such as Crypto, Politics, Tech, Sports, and Other.
- Classic Traditional binary prediction market format where users bet on Yes/No outcomes of future events with displayed odds, size, and expiration across categories including Crypto, Politics, Tech, Sports, and Other.
- Custom Market Creation Self-serve market creation tool that allows users to create their own custom prediction markets on any topic of their choosing on the Hedgehog Markets platform.
Quantifiable outcome
- Prediction markets powered by blockchain offer transparency and censorship resistance compared to traditional centralized platforms
Companies that use Hedgehog Markets
Customer profileSegments3 records
Ideal customer profiles3 records
Hedgehog Markets technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hedgehog Markets partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights6 records
Hedgehog Markets competitors and assessment
Company assessmentDirect peers
- Polymarket: The leading decentralized prediction market platform. Directly comparable to Hedgehog: same product category (event-based binary markets), same target user (crypto-native bettors), same on-chain execution model — just on Polygon instead of Solana.
- Limitless Exchange: Prediction market platform on Base. Direct peer in the modern wave of on-chain prediction markets with user-generated markets and a similar web-based, wallet-connect UX to Hedgehog.
- Augur: Pioneer decentralized prediction market built on Ethereum. Comparable as a direct head-to-head product: open, user-generated markets on real-world events settled via on-chain oracle, targeting the same crypto-native prediction market user.
- Azuro Protocol: Decentralized prediction market and liquidity layer focused primarily on sports betting. Comparable as a direct horizontal peer offering on-chain event-based betting, though with heavier emphasis on sports liquidity provisioning.
- Omen (Gnosis Prediction Markets): Gnosis-built prediction market protocol on Ethereum/Polygon. Directly comparable: user-created event markets with oracle-based resolution, decentralized architecture, and a horizontal segment approach similar to Hedgehog's.
Broad incumbents
- PredictIt: Long-running political prediction market exchange. Comparable on the event-prediction category and use cases (politics, current events), but operates as a centralized, regulated platform rather than a decentralized crypto protocol.
- Kalshi: CFTC-regulated US event-contract exchange. Comparable as a broad incumbent in the same product category (event-based contracts), but operates in a centralized, regulated venue rather than a decentralized, crypto-native one.
Regional players
- Raydium: Leading Solana DEX and AMM. Comparable as a Solana-ecosystem peer serving the same Solana crypto user base, but focused on spot token trading and liquidity provisioning rather than prediction markets.
- Drift Protocol: Solana-native DeFi derivatives venue. Comparable as a Solana-based on-chain trading protocol serving the same user base (Solana crypto-native traders) — analogous chain-and-stack peer, though focused on perpetual futures rather than event markets.
Emerging players
- BetDEX: Solana-based sports betting and prediction market protocol. Comparable as a Solana-ecosystem emerging player in the same event-betting product category, with partial overlap on sports markets Hedgehog lists.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Hedgehog Markets social profiles
Digital presenceHedgehog Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hedgehog Markets leadership team
Management profileNumber of profiles
Hedgehog Markets funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hedgehog Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hedgehog Markets
What does Hedgehog Markets do?
Hedgehog Markets operates a decentralized prediction markets platform built on the Solana blockchain where users can bet on the outcomes of future events. The platform offers two main market formats—Versus (head-to-head contests) and Classic (binary Yes/No markets)—across categories including Crypto, Politics, Tech, Sports, and Other. Users can connect a web wallet and either place bets on existing markets at displayed odds or create their own custom prediction markets on any topic.
Is Hedgehog Markets a public or private company?
Hedgehog Markets is a private company. It is classified as venture growth investor backed and is currently operating.
When was Hedgehog Markets founded?
Hedgehog Markets was founded in 2021. It employs 1 to 10 people.
Where is Hedgehog Markets based?
Hedgehog Markets is headquartered in New York, United States, in the North America region.
How does Hedgehog Markets make money?
One revenue line is on record: prediction Market Transaction Fees.
Who are Hedgehog Markets's main competitors?
Direct peers on record are Polymarket, Limitless Exchange, Augur, Azuro Protocol and Omen (Gnosis Prediction Markets). Broad incumbents are PredictIt and Kalshi. Regional players are Raydium and Drift Protocol. BetDEX is listed as an emerging player.
Does Hedgehog Markets have an API?
No public API is recorded for Hedgehog Markets.
What industry is Hedgehog Markets in?
Hedgehog Markets's product category is Decentralized Prediction Markets. Its primary akta.pro industry code is FSADAGAG, Prediction Markets & Event Derivatives (Crypto), with a secondary code of FSADABAM, Prediction Markets & Event-Based On-Chain Trading. Its NAICS code is 523210 and its SIC code is 6200.