5cc Capital Raises Up to $35M for Prediction Markets

A new venture capital firm dedicated to prediction markets is raising up to $35 million, backed by the CEOs of rival platforms Kalshi and Polymarket, signaling growing investor confidence in the sector despite ongoing regulatory scrutiny.

The firm, 5cc Capital, is led by Noah Zingler-Sternig, Kalshi's former head of operations, and Adhi Rajaprabhakaran, an early trader at the company's affiliated market maker. Its name draws from Section 5cc of the Commodity Exchange Act, which grants the Commodity Futures Trading Commission oversight of event contracts on designated markets. According to reports, the fund has attracted more than 20 investors, including Kalshi CEO Tarek Mansour, Polymarket CEO Shayne Coplan, Andreessen Horowitz co-founder Marc Andreessen through his vehicle Moneta Luna, Ribbit Capital founder Micky Malka, and former Multicoin Capital managing partner Kyle Samani. The first close is expected within the next month.

5cc Capital plans to invest in about 20 early-stage companies over the next two years, targeting infrastructure and services such as market makers, prediction market indices, data tools, liquidity providers, and compliance systems. The founders aim to...