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Galaxy Digital announces the launch of an over-the-counter (OTC) prediction market trading service for institutional clients and has completed its first trade. Acting as the counterparty, Galaxy assisted crypto hedge fund Arca in establishing a $10 million position related to the legislative progress of the U.S. Clarity Act on Kalshi. Galaxy stated that the new business will cover contracts on economic, political, and geopolitical events on platforms like Kalshi and Polymarket, and will support risk hedging that combines stock and commodity markets. (The Block)