YC officially announced on X that the prediction market derivatives platform Totalis is now live, enabling users to place parlay bets across multiple event markets and expanding into structured products. Totalis completed a $500,000 seed round in April, with Y Combinator participating as an investor—it is the first company to receive Y Combinator’s investment entirely in USDC, with funds settled on the Solana network and held by Ramp.
Prediction Market Derivatives Layer Totalis Launches, Expands into Structured Products
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Summary
Market news broke on Tuesday as YC announced the launch of Totalis, a prediction market derivatives layer. The platform now supports combination bets across multiple event markets and has expanded into structured products. Totalis raised a $500,000 seed round in April, backed by Y Combinator. It is the first company to receive YC funding in USDC, with Solana handling settlements and Ramp managing custody. Bitcoin market news continues to highlight key developments in the crypto space.
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