Canadian Entrepreneur Raises $1.2M for Meme Prediction Market App Giggles

A 19-year-old Canadian entrepreneur has secured $1.2 million in funding for Giggles, a prediction market app that lets users bet on short video content.

The app combines short-form video feeds with prediction market mechanics, allowing users to invest 'aura points' early on content they believe will go viral.

Giggles is currently invite-only, with approximately 450,000 users on the waitlist. The company plans to convert aura points into real cryptocurrency as the product scales.