According to a ChainCatcher report, prediction market professional trading terminal Kairos has announced the completion of a $2.5 million funding round, led by a16z crypto, with follow-on participation from Geneva Trading, the University of Illinois, and other angel investors. Kairos was co-founded by Jay Malavia (CEO) and Zayd Alzein (CTO), both of whom previously worked at traditional financial firm Cboe Global Markets. They launched the project after noticing the fragmented information and disjointed user experience in the prediction market industry. The platform aims to integrate market data and trading from leading prediction market platforms Kalshi and Polymarket, offering a fast, customizable dashboard that synchronizes relevant news and trading data. The company plans to launch a private beta version in the coming weeks. Currently, the team consists of only the two co-founders, and hiring is expected to begin after the funding.
Prediction Market Trading Terminal Kairos Secures $2.5M in Funding Led by a16z Crypto
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Summary
Kairos, a prediction market trading terminal, has raised $2.5 million, led by a16z Crypto, with support from Geneva Trading, the University of Illinois, and angel investors. Founded by Jay Malavia and Zayd Alzein, former Cboe employees, the platform aims to streamline trading activities across Kalshi and Polymarket. Focusing on increasing trading volume, Kairos offers a fast, customizable dashboard that integrates news and market data. A private beta version is set to launch soon, followed by hiring efforts.
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