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WuSaidBlockchainW

Galaxy Digital announces the launch of an over-the-counter (OTC) prediction market trading service for institutional clients and has completed its first trade. Galaxy, acting as the counterparty, assisted crypto hedge fund Arca in establishing a $10 million position related to legislative developments 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)

GLXY-5.35%
KALSHI-5.06%
POLYMARKET-15.73%
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GateUser-78b4adc8
· 2h ago
Polymarket users are still betting on the World Cup, while institutions are already betting on Congress legislation; the dimensional wall has shattered.
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GateUser-6fd3205e
· 23h ago
Stock and commodity linkage hedging, this treats the prediction market as a macro trading tool.
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MoonlightTake-ProfitLine
· 06-02 13:45
Arca dares to bet legislation with an eight-figure amount; I am impressed by this risk appetite.
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ForkliftTrader
· 06-02 13:43
The pace at which the prediction market institutionalizes is much faster than DeFi, with regulatory benefits fully leveraged.
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NfaKitchen
· 06-02 13:43
If the Clarity Act faces delays, will Arca's 10 million go down the drain? Curious about hedging strategies.
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BorrowedSun
· 06-02 13:43
Galaxy's business lines are expanding more and more, from mining to predictive markets, stepping in as a versatile player.
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FeeFiFoFum
· 06-02 13:43
Political contracts + commodity hedging, this product design has some substance.
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OracleBabysitter
· 06-02 13:43
Finally, reputable institutions are providing liquidity to the prediction market, so retail investors no longer need to worry about slippage.
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MempoolNomad
· 06-02 13:43
Kalshi and Polymarket dominate, is Galaxy aiming to become the king of market makers in prediction markets?
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SugarAirdropDream
· 06-02 13:43
$10 million bet on the Clarity Act? Hedge funds’ political sensitivity is higher than I imagined.
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