According to Fortune, venture capital firm Paradigm is building a trading platform for prediction markets, designed for professional traders and those who make markets.
Arjun Balaji, a partner at Paradigm, is leading this initiative, which has reportedly been in development since late 2025.
This venture capital firm has heavily invested in Kalshi, a popular platform for prediction markets. They provided funding to Kalshi in three separate rounds throughout 2025.
The company that lets people bet on future events recently secured over $1 billion in funding, increasing its worth to $22 billion.
According to a report, Matt Huang, co-founder and managing partner of the venture firm, serves on the startup’s board. A source also stated that Paradigm’s work on a prediction markets trading terminal doesn’t directly compete with the platform offered by Kalshi.
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In addition to its main trading operations, Paradigm is reportedly exploring new ventures. Sources indicate the firm is considering setting up a team to actively trade and provide liquidity, and is also researching the possibility of developing indexes based on prediction markets.
Meanwhile, Paradigm has started to collect prediction market data into a public dashboard.
A Sector Gaining Institutional and Retail Momentum
Paradigm is expanding its infrastructure just as the prediction market is experiencing significant growth. Trading volume reached a new peak of over 207 million in March, as reported by Dune analytics.
As a crypto investor, I’m really seeing the prediction market space take off. The amount of money being traded each month has jumped massively – we’re talking around $25.7 billion now, compared to just $1.2 billion back in early 2025. And it’s not just small players – big exchanges like Binance are getting involved too. They’re even testing a built-in prediction market right within their Wallet app, which is a huge sign of growing interest and potential.
In January, Coinbase started offering prediction markets by working with Kalshi. Separately, Crypto.com introduced its own platform named OG.
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2026-04-02 07:51