Kalshi, Polymarket Founders Back New Prediction Market VC Fund

A new venture capital fund focused on prediction markets is launching with initial investments from a long list of prominent investors including two of the industry’s biggest players, Polymarket’s Shayne Coplan and Kalshi Inc.’s Tarek Mansour, according to an investment document viewed by Bloomberg News.

The investment firm, 5c(c) Capital, is named for the section of the Commodity Exchange Act related to prediction markets. It appears to be the first fund focused on the nascent industry, and underscores the rapid growth of exchanges like Kalshi and Polymarket, which have opened up betting on a wide array of real-world events, such ...