Novogratz’s Galaxy Digital ‘Experimenting’ in Prediction Markets

Novogratz’s Galaxy Digital ‘Experimenting’ in Prediction Markets

Mike Novogratz’s Galaxy Digital Inc. is in discussions with Polymarket and Kalshi Inc. about becoming a liquidity provider on their platforms, as prediction markets continue to capture retail demand and pique interest on Wall Street.

Galaxy Digital in Talks to Provide Liquidity for Polymarket and Kalshi

TLDR Galaxy Digital is in talks with Polymarket and Kalshi to become a liquidity provider for their prediction market platforms CEO Mike Novogratz said Galaxy is doing small-scale experiments with market-making and plans to provide broader liquidity Polymarket and Kalshi have generated around $42.4 billion in combined trading volume Other major trading firms like Jump Trading and Susquehanna International Group are also entering the prediction …

Galaxy Digital Targets $9B Prediction Market With New Partners

Galaxy Digital begins market-making experiments with Polymarket and Kalshi prediction platforms targeting $9B industry. Firm joins elite group including Susquehanna and Jump Trading, providing institutional liquidity to event markets. Mike​‍​‌‍​‍‌​‍​‌‍​‍‌ Novogratz’s Galaxy Digital is making tactical changes to the fast-growing prediction markets sector to grab a portion of the $9 billion industry opportunity. The firm, which is primarily into c…

Prop Firm Jump Trading Enters Prediction Markets Under the Radar as Volumes Surge

Jump Trading has begun making markets on Kalshi, becoming one of the first major proprietary trading firms to participate in the event-betting business that's drawing interest from both Wall Street and Silicon Valley.The Chicago-based firm has been providing liquidity on event contracts that allow users to wager on everything from elections to sports outcomes, according to Bloomberg, quoting people familiar with the matter who requested anonymit…

Galaxy Digital and Jump Trading Eye Market-Making Roles in Prediction Markets

Galaxy Digital is actively exploring a market-making role on leading prediction-market platforms such as Polymarket and Kalshi. Galaxy’s chief executive, Mike Novogratz, described the firm as conducting small-scale experimentation with market-making on prediction markets, noting that broader liquidity provision is likely in the future. Meanwhile, Jump Trading has also begun quietly providing liquidity on Kalshi. This development signals a new er…