MoneyThe story, in brief
Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund
$35M. That's what two bitter rivals just raised together to bet on prediction markets.
The KeyNews take
Why it matters
Kalshi and Polymarket CEOs setting aside competition to jointly fund the next wave of prediction market startups signals massive institutional confidence in the category's growth potential.
The key facts
4 to know$35M fund size
5(c) Capital fund name
Joint backing by Kalshi and Polymarket CEOs
Focus on prediction markets category startups
Go to the source
TechCrunch Venturetechcrunch.com
Publisher excerpt: As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.