Polish startup Elastics has raised more than $2m to develop AI tools for traders, automating activity on prediction markets such as Polymarket and Kalshi.
The company is building a platform that automates research, trading and portfolio management for individual users.
Furthermore, the system is based on AI language models and a conversational interface. One of its key features, “Trade with Words”, allows users to describe a position in plain language, with the platform automatically executing the transaction.
The funding round attracted backing from French venture capital firm Frst as well as a group of Polish angel investors.
The funds raised will be used primarily to expand the AI team and hire quantitative specialists in Poland. The platform is currently in private beta testing.
Although the funding was closed at the beginning of the year, it has only been announced publicly now.
Elastics Co-founder Szymon Pawica stated: “We waited to announce it because we did not want to showcase only our ambitions. In the meantime, we built a product that we are now launching on the market.
“In a fintech like ours, we need a substantial budget at the outset. This is not a project that can be developed slowly over time. The market is accelerating, and new ideas are emerging. We want to be the best.”
According to a KPMG report, Polymarket and Kalshi recorded more than USD 40 billion in turnover in 2025, with the market’s overall value rising by over 300%.
US sports leagues such as the MLB, NHL, UFC and MLS have formed partnerships with prediction market operators
