BitGo and Susquehanna Crypto open OTC prediction markets to institutions

BitGo Prime, in partnership with Susquehanna Crypto, has introduced an institutional Over-The-Counter (OTC) service enabling eligible BitGo clients, such as hedge funds and family offices, to access listed prediction markets. Susquehanna Crypto provides liquidity for these trades, which allow clients to execute event-driven trades bilaterally with BitGo, posting collateral in USD, stablecoins, Bitcoin, or other crypto, bypassing retail interfaces. The minimum trade size is set at $100,000, targeting large market participants. This launch follows BitGo's recent IPO and regulatory strengthening, as the broader financial industry sees increased institutional interest in prediction markets, evidenced by partnerships like Kalshi's with Tradeweb. BitGo and Susquehanna are capitalizing on this trend by offering a structure that utilizes standard derivatives documentation and integrated collateral management familiar to professional trading firms.

(Source：Crypto Briefing)