Novogratz’s Galaxy Digital ‘Experimenting’ in Prediction Markets
PositiveArtificial Intelligence

- Mike Novogratz’s Galaxy Digital Inc. is exploring opportunities to become a liquidity provider for prediction market platforms Polymarket and Kalshi Inc., reflecting a growing interest in this financial sector. This move comes as prediction markets gain traction among retail investors and attract attention from institutional players on Wall Street.
- By engaging with these platforms, Galaxy Digital aims to position itself at the forefront of an emerging market, potentially enhancing its influence and profitability in the evolving landscape of financial trading.
- The rapid growth of prediction markets, as noted by Kalshi Inc. CEO Tarek Mansour, suggests they could soon rival traditional stock exchanges, indicating a significant shift in how financial transactions may be conducted in the future, and highlighting the increasing relevance of alternative trading venues.
— via World Pulse Now AI Editorial System

