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Paradigm Builds Its Own Prediction Market Trading Terminal, Also Considering Market Making and Index Products

Paradigm, a major crypto investment firm, is developing a dedicated trading terminal for prediction markets, targeting professional traders and market makers, according to anonymous sources. Led by partner Arjun Balaji since late 2025, the initiative aligns with growing institutional interest in prediction markets, where users speculate on events like elections or asset prices. The company is reportedly considering launching an internal market-making desk and exploring the creation of a prediction market index—similar to traditional indices like the S&P 500—by aggregating multiple prediction markets into a single tradable product. Paradigm has already begun compiling prediction market data into a public dashboard. Notably, Paradigm is a key investor in Kalshi, a leading prediction market platform it helped value at $22 billion, and insists the terminal does not compete with Kalshi’s core business. This move is part of Paradigm’s broader expansion beyond crypto into AI and robotics, evidenced by its ongoing efforts to raise a new $1.5 billion fund. The firm has a history of launching in-house projects, including the crypto software company Ithaca and Tempo, a stablecoin-focused blockchain developed with Stripe.

marsbit04/02 03:11