Prediction Market Rivals Kalshi and Polymarket Set Aside Bitter Feud to Back $35M VC Fund

Kalshi and Polymarket are unusually backing a new venture, 5(c) Capital, despite their well-known ongoing rivalry in the industry. The fund is being launched by former Kalshi employees to raise $35 million for its first investment vehicle, which will support startups in the prediction market ecosystem. Kalshi and Polymarket CEOs Among Supporters of 5(c) Capital Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, among other notable investors, are supporting 5(c) Capital, which is focused on develo ...