kohana
kohana.ws

Prediction markets failed to go mainstream
because the questions were wrong.

So we handed the question to the crowd.

Kohana is the first prediction market where the creator brings the question, the audience, and the distribution.

Any topic, any community, their market, their terms.

Kohana Technology Ltd ConfidentialNot for Distribution Investor Presentation 2026
The Problem

Anyone can have a question.
Nobody had the infrastructure to turn it into a market.

Friends settle bets every day, on matches, streams, group chats, moments nobody else is tracking.

The questions are real. The demand is real.

But there has never been a neutral place where anyone can create, price and settle any market, on their own terms, for their own audience.

Where bets happen todayBuilt forWhat's missing
Polymarket / KalshiInstitutions and serious tradersEveryone else
SportsbooksCasual bettorsAny question outside their catalogue
Informal betsAnyoneSomeone has to hold the money, and nobody does
KohanaAnyone, any question, their termsNothing. That's the opening.
Kohana ConfidentialNot for Distribution 02 / 12
The Solution

Kohana turns any question into a live traded market in 60 seconds.

  • Anyone creates the market.Any topic, any audience, any size.
  • The crowd prices it live.Odds move with every trade.
    The price is the crowd's live verdict.
  • No escrow desk, no counterparty risk.A smart contract holds the funds
    and pays out the moment it resolves.
Streaming closes in 3h
Will tonight's stream pass 50,000 viewers?
Yes 62¢
No 38¢
@ninaplays·47 traders·$4,820 traded
Kohana runs the exchange model. Every trade generates revenue, regardless of outcome.
Kohana ConfidentialNot for Distribution 03 / 12
Why It Compounds

Every market a creator brings makes the next one cheaper to start.

Most marketplaces pay to acquire users.
Kohana's creators bring them.

Every market arrives with its own audience,
the people who already care about that question.
They come to trade, discover the platform,
and the sharpest of them open markets of their own.

Each turn brings new creators, who bring new audiences.

Acquisition cost falls as the network grows,
the inverse of paid growth. A fee on every trade
makes each turn pay for itself.
each turn, bigger Distribution we don't pay for. I II III IV
Creator brings the questionand the audience that already cares
The audience tradesnew users arrive to bet
A fee on every tradevolume monetizes itself
Traders become creatorsand bring audiences of their own
Kohana ConfidentialNot for Distribution 04 / 12
How It Works

A market takes money in, holds it in escrow, and pays it out the moment it resolves.

THE CROWD TRADES HELD ON-CHAIN RESOLVES & PAYS OUT $ $ $ buyers & sellers ESCROW held until it resolves Kohana never holds a position WINNERS $1.00 / share losing shares settle to $0 KOHANA TREASURY a fee on volume
Every dollar stayed in escrow until settlement. Kohana takes a fee on volume, never a side of the bet.
Kohana ConfidentialNot for Distribution 05 / 12
Business Model

Revenue is a thin slice of everything traded, and volume is the only lever.

VOLUME TRADED × ~1–2% = TREASURY growing trading volume → VOLUME · GMV THE TAKE ≈ 1–2% of volume the rest settles between traders
A thin slice, with headroom.We keep ~1–2% of volume.
A sportsbook's hold is 5–8%, on far fewer questions.
Day one of production.No revenue history yet.
The shape above is the unit model, not a forecast.
Kohana ConfidentialNot for Distribution 06 / 12
The Opportunity

Three large markets are converging. Kohana is built for the overlap.

SPORTS BETTING $112B a year house edge, fixed list CREATOR ECONOMY $250B audiences, no way to bet PREDICTION MARKETS $50B, surging no house, built for traders KOHANA the overlap
The breadth of a sportsbook, the fairness of an exchange, the reach of the creator economy, in one product.
Market figures: industry reports, 2025. Prediction-market figure is annual traded volume.
Kohana ConfidentialNot for Distribution 07 / 12
Go-to-Market

We don't buy distribution. Creators bring it with them.

  • Creators are the channel.Streamers, Discord servers, esports teams, group chats. Each arrives with an audience that already cares about the question.
  • We onboard audiences, not users.A creator opens a market and brings their whole community to it. Acquisition is a side effect of supply.
  • Growth that doesn't burn cash.No paid funnel to feed. Each new cohort of users lowers the cost of finding the next.
STREAMERS DISCORD ESPORTS GROUP CHATS each creator brings its audience → KOHANA ACQUISITION Each creator pays for the next.
Kohana ConfidentialNot for Distribution 08 / 12
Traction

This isn't a roadmap. The whole platform is already live.

  • A complete trading platform.Matching engine, live order books, markets, positions and settlement, all running in production.
  • Real money moves, on-chain.Deposits, escrow and withdrawals run on Polygon and Solana, tested end to end.
  • Built like an exchange, not an MVP.Custody, compliance and settlement are in from day one, the load-bearing work most teams defer until it's forced on them.
The live money path in production
Deposit
USDC · Polygon · Solana
Match
order books · live positions
Escrow
fund · swap · payout
Settle
winners paid per share
Withdraw
signer · executor · reconciler
On a compliance & custody foundation tiered KYC · MFA · sanctions screening · MPC custody
Most rounds fund the build.
Ours funds what comes after it.
Kohana ConfidentialNot for Distribution 09 / 12
Team

The team that already built it.

Ismail Kably, Founder and CEO
Ismail Kably
Founder & CEO
Built Kohana end to end. Seven years engineering at Visa, Intel, and AWS before that.
M.S. Cybersecurity · UC BerkeleyB.S. Computer Science
Milica Kusmuk, COO
Milica Kusmuk
COO
Hedge-fund analyst covering equities, commodities, and global macro.
MBA, Investment ManagementM.S. Data Science
Kohana ConfidentialNot for Distribution 10 / 12
The Ask

We're raising to scale distribution, not to finish building.

The Raise
$750K
Pre-Seed Round
Already built and paid for.This round funds growth and the regulatory path, not engineering.
Use of Funds
Kohana ConfidentialNot for Distribution 11 / 12
kohana Confidential 2026
Anyone can make a market. We built the place they make it.
The platform is live. The round is open.
Ismail Kably, Founder & CEO ismail@konelia.comkohana.ws
Let's talk →