Billy Bets Raises Financing from Coinbase Ventures to Disrupt $250 Billion Market with AI for Sports Prediction Markets

NEW YORK, Sept. 4, 2025 /PRNewswire/ -- Billy Bets, the AI-powered sports-betting startup, closed a $1 million pre-seed round with Coinbase Ventures, and participation from Virtuals Ventures, Contango Digital, CMS Holdings, and a roster of athlete and crypto-native angels. The capital accelerates the public launch of the Billy Terminal, personalized autonomous betting agents, and expanded $BILLY token utility.

Sports wagering generates an estimated $250 billion in annual handle, yet fewer than 1% of bets are executed by AI agents on prediction markets. "That inefficiency is our wedge," said Joe O'Rourke, Co-founder & CEO. "AI agents have already changed investing; now they're coming for sportsbooks. Billy Bets will turn that small sliver into the default way fans bet."

Built on Base (Coinbase's Layer 2), Billy supports bet discovery across prediction markets, including Kalshi and Polymarket, by highlighting edges, routes wagers to the best available price, and enables customized automated strategies. Billy's natural-language terminal turns "Show me plus-EV NFL props tonight" into live odds, automated execution and real-time, traceable ROI tracking. Billy has routed over $1 million in betting volume, growing at 23% per week, since the launch of the Billy Terminal in June.

"Fundamentally, we believe all sports bettors will eventually rely on AI to improve their chances, particularly so with the advent of prediction markets, and we aim to be the best supplier of that agentic technology," added Jared Augustine, Co-founder & Executive Chairman.

About Billy Bets

Billy Bets is an AI built for sports prediction markets, designed to upend the $250B sports gaming industry. Using proprietary machine learning models and big data, Billy analyzes prediction markets and betting exchanges in real time to surface the best opportunities at the best prices. Users can follow individual predictions or apply one of Billy's automated strategies across their favorite sports and events—executing bets directly from their wallet in just one click. The Billy ecosystem is powered by the $BILLY utility token, which unlocks staking rewards, loyalty incentives, and exclusive access. Founded by multi-exit entrepreneurs Jared Augustine and Joe O'Rourke, Billy recently closed a $1m pre-seed round led by Coinbase Ventures. Learn more at billybets.ai and follow @askbillybets & @billybets_ai.

SOURCE Billy Bets