MoneyMarch 23, 2026via TechCrunch Venture
Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund
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.
Key signals
- $35M fund size
- 5(c) Capital fund name
- Joint backing by Kalshi and Polymarket CEOs
- Focus on prediction markets category startups
The hook
$35M. That's what two bitter rivals just raised together to bet on prediction markets.
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.