Galaxy Digital launches institutional OTC prediction market trading, with the first transaction completing a $10 million Kalshi order

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Crypto News: According to The Block, Galaxy Digital has launched an over-the-counter prediction market trading desk for hedge funds and family offices, with the first trade being a $10 million contract related to the Clarity Act with crypto hedge fund Arca on Kalshi. Galaxy acts as the principal market maker counterparty, providing bilateral positioning and larger-scale liquidity for Arca. The service currently covers non-sports event contracts on Kalshi and Polymarket, including markets in economics, politics, and geopolitics, with plans to expand to more platforms. Galaxy can also hedge prediction market positions with stock and commodity hedges, helping institutions manage multi-asset risk exposure around a single event.
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GoToSleepAfterMinting
· 5h ago
Kalshi + Polymarket dual-platform coverage, with Galaxy going big on laying the groundwork
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WeekendGatekeeper
· 5h ago
Hedge funds can finally legally participate in Polymarket through official channels—a new compliant arbitrage strategy.
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