Rahm Emanuel, the previous Mayor of Chicago and U.S. Ambassador to Japan, has introduced a proposal to add a 10% federal tax on iGaming and prediction markets, which is...
Kalshi and Polymarket support prediction market VC fund
The founders of Kalshi and Polymarket, Tarek Mansour and Shayne Coplan, have spoken out in support of a new venture capital firm that is focused on companies serving the prediction markets economy.
The new fund, called 5c(c) Capital, was established by Adhi Rajaprabhakaran and Noah Zingler-Sternig, who are both former Kalshi employees. The fund has positioned itself as a specialist investor in infrastructure for prediction markets and was unveiled to the public just recently, between March 23 and 24, 2026.
Previously, Rajaprabhakaran held a professional trader position for Kalshi’s affiliated market maker, and Zingler-Sternig was the operator’s head of operations.
According to the website, the fund states:
“5c(c) aims to allocate capital and provide expertise to the traders and tool-builders that will shape an entirely new ecosystem. We take our name from Section 5c(c) of the Commodity Exchange Act—the clause titled ‘New Contracts, New Rules’. It reflects our conviction that durable innovation happens when new ideas meet disciplined regulation.”
The firm is looking to raise $35 million to fund seed and early-stage businesses that are building tools and systems connected to event contracts. 5c(c)’s website also shows that it has gotten support from venture capital and financial technology groups, with names like Marc Andreessen from the Moneta Luna Fund, Micky Malka from Ribbit Capital, and Kyle Samani, formerly of Multicoin Capital, tied to the fund.
5c(c) plans to invest in around 20 companies in the coming two years, in areas like liquidity providers, data distribution, index design, and execution tools.
The Ohio Casino Control Commission has issued a $5 million civil fine to prediction markets operator Kalshi, accusing the platform of offering unlicensed sports betting in...
