Paradigm has invested in Kalshi over three sequential rounds this year, alongside our friends at Sequoia and a16z. It’s one of the fastest growing companies we’ve ever seen. Prediction markets are a civilization-scale truth telling machine, but they’re also a kind of breadth-first search for the set of interesting and useful financial exposures that society demands. (Much like YouTube was a breadth-first search on media). We know about elections, sports, economics, weather, etc. But there are many other verticals to be explored and discovered. Congrats to Tarek, Luana and the rest of the Kalshi team on the year of hyper growth, especially after enduring multiple years of near-certain death :)(Matt Huang)