diff --git a/entities/internet-finance/futardio.md b/entities/internet-finance/futardio.md
index 3939e1019..8916e89f6 100644
--- a/entities/internet-finance/futardio.md
+++ b/entities/internet-finance/futardio.md
@@ -46,6 +46,7 @@ MetaDAO's token launch platform. Implements "unruggable ICOs" — permissionless
 
 - **2026-03-07** — Areal DAO launch: $50K target, raised $11,654 (23.3%), REFUNDING status by 2026-03-08 — first documented failed futarchy-governed fundraise on platform
 - **2026-03-04** — [[seekervault]] fundraise launched targeting $75,000, closed next day with only $1,186 (1.6% of target) in refunding status
+- **2026-03-04** — [[send-arcade-futardio-fundraise]] failed: $288k target, $114,933 committed (39.8%), refunded after 1 day
 ## Competitive Position
 - **Unique mechanism**: Only launch platform with futarchy-governed accountability and treasury return guarantees
 - **vs pump.fun**: pump.fun is memecoin launch (zero accountability, pure speculation). Futardio is ownership coin launch (futarchy governance, treasury enforcement). Different categories despite both being "launch platforms."
diff --git a/entities/internet-finance/send-arcade-futardio-fundraise.md b/entities/internet-finance/send-arcade-futardio-fundraise.md
new file mode 100644
index 000000000..732b27124
--- /dev/null
+++ b/entities/internet-finance/send-arcade-futardio-fundraise.md
@@ -0,0 +1,52 @@
+---
+type: entity
+entity_type: decision_market
+name: "Send Arcade: Futardio Fundraise"
+domain: internet-finance
+status: failed
+parent_entity: "[[send-arcade]]"
+platform: "futardio"
+proposal_url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
+proposal_date: 2026-03-04
+resolution_date: 2026-03-05
+category: "fundraise"
+summary: "$288k minimum raise for 11-month runway to build casino games on Solana"
+raise_target: 288000
+total_committed: 114933
+token_ticker: "ARCADE"
+performance_package: "10%"
+monthly_budget: 20000
+target_runway_months: 11
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Send Arcade: Futardio Fundraise
+
+## Summary
+Send Arcade attempted to raise $288,000 through Futardio to fund 11 months of independent operations after separating from the Send ecosystem. The fundraise positioned Send Arcade as the first futarchy-governed casino, emphasizing fully on-chain games with zero backend, verifiable outcomes, and agent-friendly PvP revenue models. The raise failed to meet its minimum threshold, achieving only $114,933 in commitments (39.8% of target) before closing in refunding status.
+
+## Market Data
+- **Outcome:** Failed (refunding)
+- **Target:** $288,000 minimum
+- **Committed:** $114,933 (39.8% of target)
+- **Duration:** 1 day (2026-03-04 to 2026-03-05)
+- **Token:** $ARCADE
+- **Performance package:** 10%
+- **Monthly budget:** $20,000
+- **Target runway:** 11 months
+
+## Significance
+This fundraise represents an attempt to apply futarchy governance to a consumer gaming product with existing traction (9M+ plays, $200k+ ARR). The failure to reach minimum raise despite operational history suggests either:
+1. Market skepticism about casino economics in crypto
+2. Insufficient liquidity/participation on Futardio for consumer products
+3. Valuation mismatch between team expectations and market appetite
+4. Timing issues (1-day window may have been too short)
+
+The case provides evidence about futarchy-governed fundraising for products with revenue but seeking growth capital, distinct from pure speculation plays or infrastructure projects.
+
+## Relationship to KB
+- [[send-arcade]] — parent entity
+- [[futardio]] — fundraising platform
+- [[MetaDAO]] — futarchy infrastructure
+- Relevant to [[futarchy-governed-meme-coins-attract-speculative-capital-at-scale]] as counterpoint (gaming product vs meme coin)
\ No newline at end of file
diff --git a/entities/internet-finance/send-arcade.md b/entities/internet-finance/send-arcade.md
new file mode 100644
index 000000000..413bb7057
--- /dev/null
+++ b/entities/internet-finance/send-arcade.md
@@ -0,0 +1,35 @@
+---
+type: entity
+entity_type: company
+name: "Send Arcade"
+domain: internet-finance
+status: active
+founded: 2024
+website: "https://www.sendarcade.fun/"
+twitter: "https://x.com/sendarcadefun"
+github: "https://github.com/SendArcade"
+key_metrics:
+  games_built: "10+"
+  onchain_plays: "9M+"
+  arr: "$200k+"
+  farcaster_plays: "20k+"
+  farcaster_users: "3k+"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Send Arcade
+
+Real-money casual gaming arcade built on Solana, originally part of the Send ecosystem ($SEND token). Operates fully on-chain with zero backend infrastructure, enabling verifiable outcomes and instant settlement. After the Send token sunset in early 2026, Send Arcade became independent and launched a futarchy-governed fundraise through Futardio.
+
+## Timeline
+- **2024-09** — Founded as gaming arm of Send ecosystem
+- **2024-2025** — Built 10+ games, achieved 9M+ on-chain plays and $200k+ ARR
+- **2026-01** — Send token sunset, Send Arcade becomes independent
+- **2026-03-04** — Launched $288k fundraise on Futardio (status: refunding, $114,933 committed)
+- **2026-03-05** — Fundraise closed without reaching minimum
+
+## Relationship to KB
+- [[futardio]] — fundraising platform used
+- [[MetaDAO]] — futarchy infrastructure provider
+- Example of futarchy-governed gaming project attempting capital formation
\ No newline at end of file
diff --git a/inbox/archive/2026-03-04-futardio-launch-send-arcade.md b/inbox/archive/2026-03-04-futardio-launch-send-arcade.md
index 758c9e463..391d052b9 100644
--- a/inbox/archive/2026-03-04-futardio-launch-send-arcade.md
+++ b/inbox/archive/2026-03-04-futardio-launch-send-arcade.md
@@ -6,9 +6,13 @@ url: "https://www.futard.io/launch/ActRESLUCdMzU4BnEE5VtMM2JG5ghZuKWkjXfiB5GdS7"
 date: 2026-03-04
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana]
 event_type: launch
+processed_by: rio
+processed_date: 2026-03-11
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Source is a failed Futardio fundraise for Send Arcade, a gaming company with existing traction. No novel claims about futarchy mechanisms or market dynamics—this is a data point (failed raise at 39.8% of target) that belongs in entity timeline. The pitch deck contains standard gaming/casino positioning but no arguable propositions about internet finance mechanisms. Extracted as entity data only: new company entity (Send Arcade), new decision_market entity (the fundraise), and timeline update to Futardio."
 ---
 
 ## Launch Details
@@ -198,3 +202,13 @@ Secondary Market : Solana Degens
 - Token mint: `AaEYgXdHpzS9bBgAvDriVMvKDQUnqtVYAtLZJGjometa`
 - Version: v0.7
 - Closed: 2026-03-05
+
+
+## Key Facts
+- Send Arcade built 10+ games with 9M+ on-chain plays and $200k+ ARR before independence (2024-2025)
+- Send Arcade fundraise on Futardio: $288k target, $114,933 committed (39.8%), status refunding (2026-03-04 to 2026-03-05)
+- Send Arcade operates with zero backend, fully on-chain game state and verifiable outcomes
+- Send Arcade won 2x Blinkathon, Solana AI Hackathon, Realtime Hackathon, 5th in Breakout Gaming
+- Send Arcade games preinstalled on Play Solana gaming console
+- Send Arcade target market: adults 18-45, centered 25-34, U.S. and UK primary
+- Send Arcade monthly budget: $20k for 11-month runway