Capital and expertise for the future of markets

We believe event contracts and prediction markets will revolutionize risk-taking as we know it.

5c(c) aims to allocate capital and provide expertise to the traders and tool-builders that will shape an entirely new ecosystem.

New contracts, new rules

We take our name from Section 5c(c) of the Commodity Exchange Act—the clause titled “New Contracts, New Rules.”

It reflects our conviction that durable innovation happens when new ideas meet disciplined regulation. An above-board, regulated strategy has always won — and will continue to win — in the long term.

The team

Founder, Managing Partner

Trader #2 at Kalshi Trading, author of 50¢ Dollars, a newsletter about markets

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Adhi Rajaprabhakaran

Founder, General Partner

Former Head of Operations at Kalshi Exchange, cheese curd reviewer

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Noah Zingler-Sternig

Advisor

Former quantitative trader at SIG, chess extraordinaire

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Ella Papanek

Backed by the best

Our limited partners hail from a diverse range of remarkable companies and venture capital firms.