Paradigm Targets Pro Traders and Market Makers in Latest Prediction Markets Push

Venture capital firm Paradigm is reportedly developing a prediction markets trading terminal aimed at professional traders and market makers, according to Fortune.

Paradigm partner Arjun Balaji is spearheading the effort, which sources say has been underway since the late 2025.

The venture capital firm has been one of the most active backers of Kalshi, a leading prediction market platform. The firm participated in three successive funding rounds for Kalshi in 2025. 

The prediction market platform recently raised more than $1 billion in a new round, pushing its valuation to $22 billion.

“Matt Huang, the venture firm’s cofounder and managing partner, is on the startup’s board of directors. Paradigm’s development of a prediction markets trading terminal isn’t competitive with Kalshi’s platform, said a source,” the report read.

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Beyond the terminal, sources suggest that Paradigm has considered establishing an internal market-making desk. A separate source said the firm has also engaged researchers to explore the feasibility of creating prediction market indexes.

Meanwhile, Paradigm has started to collect prediction market data into a public dashboard. 

A Sector Gaining Institutional and Retail Momentum

Paradigm’s infrastructure push arrives at a time of rapid growth. Prediction market transactions surpassed a record high of 207 million in March, according to Dune data. 

Monthly notional volume reached roughly $25.7 billion, up from $1.2 billion in early 2025. Meanwhile, major exchanges are also moving into the space. Binance is beta-testing an in-app prediction market feature inside its Wallet app.

Coinbase unveiled its prediction market offering through a partnership with Kalshi in January. Moreover, Crypto.com launched a standalone platform called OG.

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