Svmuu News: 5c(c) Capital, a venture capital firm initiated by two former Kalshi employees, is planning to raise up to $35 million to invest in startups related to prediction markets.
The fund has already secured support from Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, among others. Other investors also include individuals associated with Andreessen Horowitz, Ribbit Capital, and Multicoin Capital.
Reports indicate that the fund plans to invest in approximately 20 companies over the next two years, with a focus on prediction market infrastructure areas such as market makers and index design. (Fortune)
Faster global financial news!
Kalshi Early Employees Plan to Raise $35 Million Prediction Market Fund, Polymarket and Kalshi CEO Participate
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
US banks are owed $349B by private credit funds, as PIK interest payments rise to 10% of loans
-
2
Al Jazeera: Israeli attacks on Gaza kill at least 4 Palestinians, UN Human Rights Office warns of ethnic cleansing risk
-
3
Musk retweeted that as of October 31, the number of Starlink satellites has reached 11,184, accounting for 66% of the total active satellites globally.
-
4
Bitcoin staking protocol b14g says $97 million CORE drained, pauses contracts
-
5
Nikkei Asia: Overseas entities' JPY bond issuance reaches a record $16 billion as the AI funding race spreads to Japan
-
6
Al Jazeera: Palestinian Man Succumbs to Injuries After Israeli Drone Strike in Gaza
-
7
SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
-
8
Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
-
9
Binance confirmed that it has transferred 7,499 Bitcoins to the SAFU fund, stating that it has recovered 90% of the stolen assets and pledged to rebuild the emergency fund to approximately $1 billion.
-
10
Donald Trump announced his "complete and total endorsement" of Congressman Bob Latta for re-election as the representative for Ohio's 5th Congressional District.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
