Prediction market boom spurs new VC fund backed by Polymarket, Kalshi CEOs

5c(c) Capital, a new venture capital firm, is set to launch with a goal of raising $35 million to invest in early-stage startups within the rapidly expanding prediction market space. Backed by the CEOs of Polymarket (Shayne Coplan) and Kalshi (Tarek Mansour), the fund will focus on infrastructure and services – such as data tools, liquidity provision, and compliance systems – rather than solely on exchanges. This initiative comes as prediction markets experience increased trading volumes, user growth, and interest from major platforms like Coinbase, Kraken, and Robinhood. The fund aims to capitalize on the growth beyond the exchanges themselves, supporting the development of essential tools and services for these markets. Early investors include a Millennium Management portfolio manager and founders of other prediction market platforms like PredictIt.

(Source：CoinDesk)