TLDR Tech / Fintech
Kalshi and Polymarket CEOs back $35M prediction markets VC fund
Despite intense competition, the CEOs of Kalshi and Polymarket are both investing in 5(c) Capital, a new $35 million VC fund focused on prediction market infrastructure. The fund aims to back startups building market makers and related tooling, signaling growing institutional confidence in the category's long-term expansion. The move comes as both companies pursue massive valuations, with Kalshi at $22 billion and Polymarket reportedly targeting $20 billion.
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