Paradigm is reportedly developing a new prediction markets trading terminal aimed at professional traders and market makers, with partner Arjun Balaji spearheading the project since late 2025. The firm is also exploring the creation of an internal market-making desk and the development of prediction market indices by bundling multiple markets into tradable products. Additionally, Paradigm plans to build a public data dashboard to enhance market transparency. Despite its involvement in this new venture, Paradigm remains a significant backer of Kalshi, a prediction market platform recently valued at $22 billion. Sources indicate that Paradigm's trading terminal is not intended to compete directly with Kalshi's offerings.