Kalshi Early Employees Launch Prediction Market Venture Capital Fund with Backing from Kalshi and Polymarket CEOs

BlockBeats News, March 23rd, according to Fortune magazine, Kalshi early employee Adhi Rajaprabhakaran has established a fund called 5c(c) Capital, which has raised $35 million to invest in early-stage companies in the prediction market.

It is reported that the fund's partners are Adhi Rajaprabhakaran, a former trader hired by Kalshi as the second trader; the fund's other partner is Noah Zingler-Sternig, Kalshi's former COO.

Documents show that in addition to Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, early supporters of the fund also include venture capital giant Marc Andreessen (through his fund Moneta Luna); fintech investment firm Ribbit Capital's founder Micky Malka; and former managing partner of cryptocurrency venture capital firm Multicoin Capital Kyle Samani.