Bloomberg Who? Paradigm Builds Prediction Market Terminal as Sector Hits $13B Monthly

Paradigm is building a dedicated terminal for prediction markets, targeting professional traders and market makers in a move signaling that real-money event markets are being treated as a legitimate asset class—not just a curiosity for people who predicted Trump's 2016 win and never let anyone forget it.

The project, led by partner Arjun Balaji and initiated in late 2025, will give sophisticated users Bloomberg-style tools to trade, analyze, and route liquidity across on-chain and regulated prediction platforms. Think Bloomberg Terminal meets Polymarket, except this time your dad's Bloomberg subscription might actually pay for itself.

The firm is simultaneously weighing an internal prediction market-making business while working with researchers on a "prediction market index" that packages multiple event contracts into a single, tradable structure—explicitly modeled on benchmarks like the S&P 500. Because if crypto can fractionalize everything from mortgages to memes, why not fractionalize the future itself?

Paradigm has already begun aggregating prediction market data into a public panel, a necessary precondition for any institutional-grade terminal. Soon you'll be able to watch your Polymarket positions alongside your TradFi portfolio in one dashboard—convenient for when you need to see all your risks in one place before dinner.

The push comes as the sector experiences explosive growth. Prediction markets expanded from sub-$100 million in monthly volumes in early 2024 to more than $13 billion by the end of 2025, according to research cited by Forbes, which also noted that prediction market startups attracted $3.7 billion in new capital. For context, that's roughly the GDP of a small island nation—or one particularly aggressive crypto VC fund.

Paradigm has been among the most aggressive financiers of regulated prediction venue Kalshi. In December 2025, Kalshi announced a $1 billion Series E funding round at an $11 billion valuation, led by Paradigm and joined by Sequoia, Andreessen Horowitz, ARK Invest, and others—doubling its value in under two months. Apparently, predicting the future pays pretty well when you own the platform.

That valuation climb didn't stop there. A subsequent funding round in March 2026 lifted Kalshi's valuation to $22 billion after a further $1 billion raise. At this point, Kalshi's valuation is climbing faster than the probability of "crypto regulation" becoming clearer—spoiler alert: it won't.

With dedicated terminals, internal liquidity provision, and index products in the works, the prediction market sector is being refashioned into financial infrastructure—rather than dismissed as a sideshow to spot crypto. Move over, meme coins. There's a new way to lose money on uncertain outcomes, and this time it comes with Bloomberg terminals.