AiKalshiUpdated 2 months ago

Kalshi and Polymarket CEOs Collaborate on $35M VC Fund for Prediction Markets

Despite their rivalry, the CEOs of Kalshi and Polymarket are backing a new $35 million venture capital fund called 5(c) Capital. This fund aims to support startups in the burgeoning prediction markets sector, highlighting a collaborative effort amidst intense competition in the industry.

Related Articles (2)
Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund
PositiveArtificial Intelligence
Kalshi and Polymarket, two leading prediction market platforms, have announced their support for a new $35 million venture capital fund named 5(c) Capital, aimed at backing startups in the rapidly growing prediction markets sector. This collaboration comes despite their ongoing rivalry in the industry.
Doc: Kalshi and Polymarket CEOs are investing in a VC fund, led by two early Kalshi employees, that is raising up to $35M to back prediction market startups (Ben Weiss/Fortune)
NeutralArtificial Intelligence
The CEOs of Kalshi and Polymarket are investing in a new venture capital fund, 5(c) Capital, which aims to raise up to $35 million to support startups in the prediction market sector. This collaboration comes amid intense competition between the two platforms, which are vying for dominance in a rapidly growing industry.

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