Derived from Crypto.News, Galaxy Digital is in discussions to act as a market maker on prediction market platforms Polymarket and Kalshi, as institutional interest in event-driven trading grows. The firm has held talks with both exchanges about supplying two-way quotes to improve trading depth, according to a Nov. 24 Bloomberg report. Prediction markets have seen a surge in volume and valuations, supported by Google Search integration, new funding rounds, and regulatory progress, including Polymarket’s QCEX acquisition and Kalshi’s CFTC approvals. Galaxy Digital CEO Mike Novogratz said the company aims to act as a consistent counterparty on these platforms, which operate peer-to-peer markets. Polymarket and Kalshi now account for roughly 97% of global prediction-market volume, with Kalshi recently closing a $1 billion round at an $11 billion valuation and Polymarket preparing a new raise that could value the company between $12–15 billion.
Galaxy Digital in Talks to Provide Liquidity on Polymarket and Kalshi Prediction Markets
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