Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund
#Kalshi #Polymarket #prediction markets #venture capital #$35 million fund #startups #rivalry #investment
📌 Key Takeaways
- Kalshi and Polymarket CEOs are co-investing in a $35 million venture capital fund for prediction markets.
- The fund aims to support startups and innovation in the prediction markets industry.
- This collaboration occurs despite a known intense rivalry between the two companies.
- The investment signals a shared belief in the growth potential of prediction markets.
📖 Full Retelling
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.
🏷️ Themes
Business Collaboration, Investment
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Original Source
As prediction markets explode, the new firm called 5(c) Capital, will back startups supporting the burgeoning category.
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