Prediction Market CEOs Fund New VC

Despite a fierce rivalry, the CEOs of leading prediction market platforms Kalshi and Polymarket are investing in a new venture capital firm, 5(c) Capital. This firm, launched by former Kalshi employees, aims to raise $35 million for its first fund to support startups focused on the infrastructure of prediction markets, such as market makers and index designers. Notable investors also include Marc Andreessen and Micky Malka. This development coincides with both Kalshi and Polymarket reportedly seeking significant new funding rounds at multi-billion dollar valuations, underscoring the rapid growth and investor interest in the prediction market sector.