Prediction market rivals Shayne Coplan and Tarek Mansour back new venture fund: Fortune
Prediction market leaders Shayne Coplan (Polymarket) and Tarek Mansour (Kalshi) are backing 5c(c) Capital, a new $35 million venture fund.Summary
A new venture firm named 5c(c) Capital is raising $35 million to invest in prediction market startups, backed by CEOs of leading platforms Polymarket and Kalshi, Shayne Coplan and Tarek Mansour, respectively. The firm will be led by former Kalshi employees Noah Zingler-Sternig and Adhi Rajaprabhakaran. Other notable backers include Marc Andreessen of a16z, Micky Malka of Ribbit Capital, and Kyle Samani. This development occurs as investor attention floods the prediction market space, with Kalshi recently raising funds at a $22 billion valuation and Polymarket reportedly seeking similar terms. Concurrently, the sector faces regulatory headwinds, with state regulators challenging the legality of prediction markets, despite the CFTC claiming exclusive federal authority. Furthermore, lawmakers are reportedly moving to ban sports betting on these markets, a move Tarek Mansour criticized as protecting monopolies.
(Source：The Block)