The CEOs of Kalshi and Polymarket are locked in a brutal fight to dominate the white-hot prediction market sector. But, in at least one instance, the two have put competition aside, and each has invested in an upcoming venture firm led by two early Kalshi employees. The fund, named 5c(c) Capital, is raising up to $35 million to invest in prediction market startups, according to a pitch document seen by Fortune.
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The CEOs of Kalshi and Polymarket are arch rivals—but are investing in the same $35 million prediction market VC fund
Adhi knows that the next few years are critical to build out infra[structure] around prediction markets
