Derived from BitcoinWorld, Galaxy Digital is testing market making operations on prediction platforms Polymarket and Kalshi. The company aims to improve liquidity and trading efficiency in these markets. CEO Mike Novogratz stated they are starting with small-scale tests to understand the dynamics before scaling up. Galaxy's entry could bring institutional credibility and capital, addressing common issues like liquidity and market depth. However, challenges such as regulatory uncertainty and event volatility remain. The move may benefit traders with tighter spreads and better execution. No specific timeline for full implementation has been announced.
Galaxy Digital Explores Market Making Role in Prediction Markets
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