Summary:
The CEOs of Kalshi and Polymarket, despite their rivalry, are supporting a new $35 million venture capital fund called 5(c) Capital that will focus on backing startups in the expanding prediction markets space.
Bullet points:
– CEOs of competing prediction markets platforms, Kalshi and Polymarket, unite to support $35 million VC fund for prediction markets startups
– 5(c) Capital aims to invest in companies driving the growth of prediction markets, which are experiencing rapid expansion
– The fund reflects the rising interest and potential in prediction markets, showcasing confidence from industry leaders in the sector’s future