Find XO: The Significance of the $35 Million Fund Backed by CEOs of Kalshi and Polymarket (techcrunch.com)
Writing language: Korean Read in the original language
Summary / Read source ↗
- The CEOs of rival companies Kalshi and Polymarket have jointly invested in 5(c) Capital, a fund worth $35 million.
- This is an opportunity to also examine businesses that sell data refinement or operational tools outside of trading platforms.
- However, it is premature to expect domestic customers to spend similarly just based on the increase in trading volume in the US.
- If starting in Korea, I want to specifically ask who would buy the data and for what kind of work they would use it.