Galaxy Digital explores Polymarket, Kalshi partnerships as liquidity provider: Bloomberg
The Block
Galaxy Digital is exploring partnerships to provide liquidity for prediction market platforms Polymarket and Kalshi.Summary
Mike Novogratz-led Galaxy Digital is currently conducting small-scale market-making experiments on prediction markets and plans to offer broader liquidity to platforms like Polymarket and Kalshi, according to a Bloomberg interview. This move signals Galaxy Digital's expansion into the growing prediction market sector, which combines information and finance. Polymarket and Kalshi are the dominant players, having seen approximately $42.4 billion in cumulative volume, with CFTC-regulated Kalshi recently overtaking Polymarket in monthly volume. Analysts note that prediction markets are evolving into broader information venues beyond politics and sports, attracting interest from other major entities like Gemini and CME Group.
(Source：The Block)