Mr. Johnny Chen reports

PROSPECT MARKETS ANNOUNCES CLOSING OF STRATEGIC NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$2,000,000

Prospect Prediction Markets Inc. has closed its non-brokered private placement of five million common shares of the company at a price of 40 cents per share for aggregate gross proceeds of $2-million.

The offering is being led by Matco Financial, Lucida Capital and AlphaNorth Asset Management with participation by Prospect Markets' management team.

"This financing is an important milestone for Prospect Markets, and we're proud to have the backing of leading institutional investors: Matco Financial, Lucida Capital and AlphaNorth Asset Management, alongside meaningful participation from our own management team," said Johnny Chen, founder and chief executive officer. "The capital raised will allow us to accelerate product development, scale our team and execute on the strategic road map we have been building toward. We are grateful for the support of our investors and remain focused on delivering a platform that redefines how sports fans engage with the games they love."

The net proceeds from the offering will be used for general corporate and working capital purposes. The shares issued pursuant to the offering will be subject to a four-month hold period required under applicable securities laws. The company received conditional approval for the offering from the TSX Venture Exchange on May 22, 2026, by way of filing a price reservation form. Final approval of the offering remains subject to approval by the TSX-V, which the company has submitted as of the date of this news release.

In connection with the offering, the company paid certain qualified finders a cash finder's fee equal to $6,000, being 6 per cent of the gross proceeds raised from subscribers introduced by such finders.

Certain insiders of the company (as such term is defined under the policies of the TSX-V) purchased an aggregate of 187,500 shares under the offering, which constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the fair market value of the offering, insofar as it involves the insider, does not exceed 25 per cent of the market capitalization of the company. No new insiders and no control persons were created in connection with the closing of the offering.

About Prospect Prediction Markets Inc.

Prospect Markets is the prediction market platform built natively for sports. From the world's largest leagues to niche competitions, Prospect turns sports moments into a tradable market. Fans trade peer to peer on outcomes using real-time data from second-screen experience, which transforms passive viewership into active market participation.

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