BlockBeats message, April 1, according to a report by Fortune, crypto venture capital firm Paradigm is developing a prediction market trading terminal aimed at professional traders and market makers, led by partner Arjun Balaji. The project previously launched in late 2025. Paradigm is also evaluating whether to set up an internal prediction market market-making business and, together with researchers, exploring the feasibility of creating a prediction market index—covering packaging multiple prediction markets into tradable products, similar to the S&P 500 index. Paradigm has begun aggregating prediction market data into a public data dashboard.
Additionally, Paradigm is a major backer of prediction market Kalshi. It took part in its 2025 Series C funding round and led the December round that pushed Kalshi’s valuation to $11 billion.