Despite bitter rivalry, Kalshi, Polymarket CEOs back $35M predictions markets VC fund

The establishment of 5(c) Capital by the CEOs of Kalshi and Polymarket signals a notable trend in the prediction markets space, where collaboration may be more beneficial than competition. This fund not only underscores the growing interest in prediction markets but also suggests that industry leaders recognize the need for innovation and development within this niche. The success of this initiative could reshape the landscape of prediction markets and attract further investment.