---
type: entity
entity_type: fund
name: 5c(c) Capital
status: active
founded: 2026-03-23
founders:
  - Shayne Coplan (CEO, Polymarket)
  - Tarek Mansour (CEO, Kalshi)
focus: Prediction market companies and infrastructure
domain: internet-finance
---

# 5c(c) Capital

Venture capital fund founded by the CEOs of the two largest prediction market platforms, Polymarket and Kalshi.

## Strategic Significance

The fund positions prediction markets as a self-sustaining investment category with dedicated capital formation infrastructure, not just a product category. The name may reference Section 5c(c) of the Commodity Exchange Act, which governs contract listing by DCMs.

## Timeline

- **2026-03-23** — Fund announced by Shayne Coplan (Polymarket CEO) and Tarek Mansour (Kalshi CEO)

## Context

Founded during the CFTC ANPRM comment period (through April 30, 2026), creating potential regulatory advocacy dynamics where founders have strong incentive to shape prediction market definitions that may or may not align with futarchy governance market interests.