5c(c) Capital Raises Up to $35M for Prediction Market Infrastructure
Ex‑Kalshi staffers have launched 5c(c) Capital to raise up to $35M for prediction market infrastructure. Backers include Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan, with venture links to Andreessen Horowitz, Ribbit Capital, and Multicoin Capital.
The fund plans about 20 investments over the next two years. It will prioritize prediction market infrastructure such as market makers, index design, and core tooling for event‑driven trading on regulated venues—aiming to make prediction markets more exchange-like and standardized.
The launch lands as trading volumes remain elevated on regulated and on-chain platforms. In February, Kalshi posted about $9.8B versus Polymarket’s roughly $7.6B, with the wider sector around $23.4B. Ultra‑short “minutes” contracts dominate flows on both platforms, blurring hedging and high-frequency speculation.
For crypto traders, better prediction market infrastructure could improve execution quality, tighten spreads, and increase reliability of event-based pricing—supportive for activity, but more of a structural catalyst than an immediate price driver.
Neutral
This news is about funding for prediction market rails—liquidity, index design, and trading tooling—rather than launching or materially changing any specific crypto asset. In the short term, it may support higher activity and tighter spreads in crypto-linked event trading on venues like Kalshi and Polymarket. However, since no direct token economics or immediate on-chain demand for a particular cryptocurrency is introduced, price impact on a specific cryptocurrency is likely limited.
In the long run, improved prediction market infrastructure could strengthen usability and reliability, potentially increasing institutional participation and market depth. That could indirectly benefit crypto markets via greater adoption of crypto-native trading flows, but the effect is gradual and structural, keeping the overall price signal as neutral.