Kalshi Early Employees Plan to Raise $35 Million Prediction Market Fund, Polymarket and Kalshi CEO Participate

Odaily News: 5c(c) Capital, a venture capital firm initiated by two former Kalshi employees, is planning to raise up to $35 million to invest in startups related to prediction markets.

The fund has already secured support from Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, among others. Other investors also include individuals associated with Andreessen Horowitz, Ribbit Capital, and Multicoin Capital.

Reports indicate that the fund plans to invest in approximately 20 companies over the next two years, with a focus on prediction market infrastructure areas such as market makers and index design. (Fortune)