functionSPACE

Based in Australia, functionSPACE, operates as a shared pricing layer for applications that create markets based on numbers and probability ranges. Based in Melbourne, Australia and founded in 2025, Integral Labs Pty Ltd, trading under the name functionSPACE, offers a platform for prediction markets. In September 2026, functionSPACE raised USD 1. 7 mn in pre-seed funding by Blockwall Management, Maven 11 Capital, and Smape Capital.

The funding will support the development of its prediction market platform and enhance its technology. functionSPACE is a specialized market structure designed to create and manage prediction markets on numerical outcomes. Its core offering allows users to build highly customizable markets for measurable quantities, enabling them to express beliefs through various payoff shapes and pricing mechanisms. The platform facilitates a unique trading experience where users can set their own market ranges, stake capital, and trade based on numeric outcomes.

This approach has applications across sectors including sports, finance, and research, serving a global clientele. functionSPACE generates revenue through a transaction-based model, collecting commissions on trades made within its forecasting markets. Users establish markets for specific metrics and trade their positions, contributing to the revenue stream as functionSPACE earns from trading volume and commissions. This model fosters a collaborative ecosystem where market creators benefit from trade volume while functionSPACE expands its financial footprint.

The company plans to expand economic infrastructure for pricing numerical outcomes. Current initiatives include enhancing its prediction market platform and advancing market-based mechanisms for aggregating and pricing probabilistic data.