Kalshi's early employees plan to raise a $35 million prediction market fund, with support from the CEOs of Kalshi and Polymarket

According to Fortune, Kalshi's early employee Adhi Rajaprabhakaran has established a fund named 5c(c) Capital, which has raised $35 million to invest in startups in the prediction market.

It is reported that the partners of the fund include Adhi Rajaprabhakaran, who is the second trader hired by the market maker under Kalshi; the other partner of the fund is Noah Zingler-Sternig, the former operations chief of Kalshi.

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 (investing through his fund Moneta Luna); Micky Malka, founder of fintech investment firm Ribbit Capital; and Kyle Samani, former managing partner of cryptocurrency venture capital firm Multicoin Capital.