Galaxy Digital weighs market making role for Polymarket, Kalshi prediction markets
PositiveCryptocurrency
- Galaxy Digital is exploring a market-making role for prediction-market platforms Polymarket and Kalshi, as institutional interest in event-driven trading grows. This collaboration aims to enhance liquidity on these platforms, which are gaining traction among major trading entities.
- The potential partnership is significant for Galaxy Digital, as it positions the firm to capitalize on the increasing popularity of prediction markets, which are becoming a focal point for institutional investors seeking new trading opportunities.
- This development reflects a broader trend in the cryptocurrency sector, where platforms like Kalshi are expanding their market presence, recently raising $1 billion at an $11 billion valuation. As competition intensifies, the integration of regulated infrastructures and innovative trading solutions will likely shape the future landscape of prediction markets.
— via World Pulse Now AI Editorial System
