Jump Trading to take small stakes in prediction markets Polymarket, Kalshi: Bloomberg

Jump Trading, a major trading firm with a strong focus on cryptocurrency, plans to acquire small equity stakes in the prominent prediction-market platforms Kalshi and Polymarket, according to a Bloomberg report citing sources familiar with the matter. The stakes are being acquired in exchange for Jump providing liquidity to both platforms. Specifically, Jump will receive a fixed equity stake in Kalshi, while its stake in Polymarket will increase over time based on the trading capacity it supplies to the platform's U.S. operations. Both Kalshi and Polymarket have achieved multibillion-dollar valuations and rely on market makers like Jump to facilitate trades by taking the opposite side of customer transactions, profiting from price movements. This move follows Jump's recent expansion into prediction-market trading, where it has reportedly hired 20 new staff members for that business.

(Source：CoinDesk)