Jump and Galaxy have been around for a while, now with Wintermute joining in. The combined total volume of Polymarket and Kalshi, at 150 billion, still needs to multiply several times over— the key is whether the price signals can truly become infrastructure at the "oracle" level.

Wintermute announces its entry into the prediction market sector, providing two-way liquidity and continuous quotes for event contracts on mainstream platforms. The related platforms have a monthly trading volume of over $20 billion. By April 2026, the cumulative historical trading volume of Polymarket and Kalshi exceeded $150 billion. Industry insiders believe that prediction markets have demand characteristics similar to large assets, but liquidity is still in the early stages. Ongoing bilateral liquidity helps narrow spreads, support large transactions, and improve price signal quality. Previously, Jump Trading and Galaxy Digital have also entered the space.