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Paradigm is building a pro\u2011grade prediction market terminal, eyeing an internal MM unit and S&P\u2011style index product as Kalshi\u2019s valuation jumps to $22B on surging volumes.<\/p>\n
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Paradigm is building a dedicated prediction market trading terminal aimed squarely at professional traders and market makers, in one of the clearest signs yet that real\u2011money event markets are being treated as an emerging asset class rather than a curiosity. The project, led by Paradigm partner Arjun Balaji and initiated in late 2025, is designed to give sophisticated users Bloomberg\u2011style tools to trade, analyze and route liquidity across a growing ecosystem of on\u2011chain and regulated prediction platforms, according to a recent report<\/a> in Fortune.<\/p>\n <\/p>\n The San Francisco\u2011based crypto investment firm is simultaneously weighing the launch of an internal prediction market\u2011making business, while working with researchers on a \u201cprediction market index\u201d that would package multiple event contracts into a single, tradable structure, explicitly modeled on benchmarks such as the S&P 500. Such an index could mirror earlier experiments with volatility and DeFi indices, and follows a broader wave of venture capital interest in the sector; one recent Forbes analysis noted that prediction market startups attracted $3.7 billion in new capital and \u201cminted young billionaires at Polymarket and Kalshi\u201d as trading volumes exploded.<\/p>\n Paradigm has already begun aggregating prediction market data into a public panel, a necessary precondition for any institutional\u2011grade terminal product. The firm is also one of the most aggressive financiers of regulated prediction venue Kalshi: in December 2025, Kalshi announced a $1 billion Series E funding round at an $11 billion valuation, led by Paradigm and joined by Sequoia, Andreessen Horowitz, ARK Invest and others, doubling its value in under two months, as first reported by TechCrunch and corroborated by company statements.<\/p>\n That bet has continued to pay off. A subsequent funding round reported in March 2026 lifted Kalshi\u2019s valuation again, to $22 billion, after a further $1 billion raise, according to coverage compiled by Yahoo Finance and The Wall Street Journal. As prediction markets move from sub\u2011$100 million monthly volumes in early 2024 to more than $13 billion by the end of 2025, according to research cited by Forbes, the emergence of a dedicated Paradigm\u2011backed terminal, internal liquidity provision and index products suggests the asset class is being refashioned into financial infrastructure, rather than treated as a sideshow to spot crypto.<\/p>\n <\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Paradigm is building a pro\u2011grade prediction market terminal, eyeing an internal MM unit and S&P\u2011style index product as Kalshi\u2019s valuation jumps to $22B on surging volumes. Summary Paradigm is developing…<\/p>\n","protected":false},"author":1,"featured_media":18032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=24851"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24851\/revisions"}],"predecessor-version":[{"id":24852,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/24851\/revisions\/24852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/18032"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=24851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=24851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=24851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}