Jump Trading to acquire stakes in Kalshi and Polymarket

Jump Trading, a Chicago-based algorithmic trading firm, has agreed to acquire small ownership stakes in prediction market operators Kalshi and Polymarket. This investment deepens Jump's exposure to event-based wagering, following its prior role as a market-making liquidity provider on Kalshi's platform. The agreement with Kalshi grants Jump a fixed equity share, whereas its stake in Polymarket will increase based on the trading capacity Jump provides to its US operations. Kalshi is a CFTC-regulated venue that recently secured significant funding, while Polymarket is a blockchain-based platform. Jump Trading has a history in wagering platforms, having previously operated a sports-betting unit and backed Sporttrade via Jump Capital.

(Source：Crypto Briefing)