Crypto venture capital firm Paradigm is developing a prediction markets terminal targeting professional traders and market makers, according to a Fortune report.
The platform, led by Paradigm partner Arjun Balaji, has reportedly been in development since late 2025 and aims to capitalise on rapid growth in prediction market trading.
The firm is also exploring the launch of an internal market-making desk to provide liquidity, alongside research into creating bundled prediction market indexes similar to traditional financial benchmarks.
Prediction markets have surged in popularity, exceeding $10 billion in monthly trading volume and attracting interest from major players including Coinbase and Gemini.
The sector could reach $1 trillion in annual volume by the end of the decade, driving increased competition as traditional finance firms such as Nasdaq and Cboe explore entry into the space.
Paradigm has already deepened its exposure through investments in Kalshi, leading a $185 million Series C round and a $1 billion Series E round, while also building analytics tools for platforms like Polymarket.
However, regulatory uncertainty remains a key overhang, with US authorities debating oversight and some jurisdictions raising concerns around insider trading, market manipulation and the classification of prediction markets as gambling products.