Jay Malavia and Zayd Alzein both got interested in prediction markets around the time of the 2024 presidential election. But they quickly noticed that the emerging industry—which invites users to wager on the likelihood of various events—was fragmented, with various listings scattered across a growing number of exchanges. This is what led them to co-found Kairos, a specialized trading terminal for dedicated prediction market users.
The startup announced that it raised $2.5 million in a funding round led by a16z crypto, with participation from Geneva Trading, the University of Illinois, and other angel investors. Malavia did not disclose his company’s valuation in an interview with Fortune.
