Be a part of Our Telegram channel to remain updated on breaking information protection
Digital asset funding supervisor Galaxy Digital is in discussions to offer liquidity to prediction markets Polymarket and Kalshi.
In an interview with Bloomberg, the agency’s CEO Mike Novogratz mentioned it’s already collaborating in “small-scale” experiments with market making on the prediction markets, including that it intends to offer “broader liquidity” on these platforms sooner or later.
By performing as a liquidity supplier and market maker, Galaxy Digital would place regular bids and presents as a way to slender spreads within the platforms’ order books. It would additionally enhance the general depth on every platform.
Only some Wall Avenue corporations have publicly ventured into prediction markets. Susquehanna Worldwide Group has been considered one of a restricted variety of institutional liquidity suppliers on Kalshi and Leap Buying and selling has additionally just lately began buying and selling on the platform.
Galaxy Digital’s Transfer Comes As Prediction Markets Acquire Steam
Prediction markets enable merchants to wager on real-life occasions. These occasions can vary from sport outcomes, political choices, timelines, and extra. Customers commerce these occasions by way of easy sure or no contracts, with contract costs exhibiting the market-implied likelihood of every final result.
Polymarket dwelling display (Supply: Polymarket)
Presently main the market are Polymarket and Kalshi, which have collectively seen $42.4 billion in cumulative quantity.
The platforms gained momentum throughout the 2024 US presidential election, after Polymarket accurately predicted the end result of the elections.
Kalshi Challenges Polymarket’s Dominance
Polymarket is a decentralization-focused platform that originally led the house, however is now seeing its dominance challenged by Kalshi, which is regulated by the US Commodity Futures Buying and selling Fee (CFTC).
Since September, Kalshi has seen extra month-to-month quantity than Polymarket.
However that lead may quickly be challenged with Polymarket getting ready for a US launch. It acquired QCX, a US-licensed derivatives alternate and clearing home, for round $112 million in July, giving it a regulated platform to re-enter the US. It has acquired a “inexperienced mild” from the CFTC to return to the US.
Polymarket has began rolling out its platform to a choose group of US customers in beta mode and there are stories it’s aiming for a late November rollout, initially give attention to sports activities prediction markets.
Polymarket just lately signed a multi-year partnership with TKO Group Holdings, which is the proprietor of UFC and Zuffa Boxing, to turn into its “Official and Unique Prediction Market Accomplice” for reside fan engagement.
In the meantime, Intercontinental Change (ICE), which is the proprietor of the New York Inventory Change, has made a $2 billion strategic funding in Polymarket and the 2 additionally entered right into a deal that may see ICE distribute Polymarket’s information.
We’re excited to announce that Intercontinental Change (ICE) — the dad or mum firm of @NYSE, is making a $2b strategic funding at a $9b post-money valuation.
Collectively, we’re constructing the following evolution of markets.
A particular thanks to all those that have supported us… pic.twitter.com/y7Z3koj3IU
— Polymarket (@Polymarket) October 7, 2025
Associated Articles:
Greatest Pockets – Diversify Your Crypto Portfolio
Simple to Use, Characteristic-Pushed Crypto Pockets
Get Early Entry to Upcoming Token ICOs
Multi-Chain, Multi-Pockets, Non-Custodial
Now On App Retailer, Google Play
Stake To Earn Native Token $BEST
250,000+ Month-to-month Lively Customers
Be a part of Our Telegram channel to remain updated on breaking information protection
