Traditional institutions are finally entering the prediction market space.


Galaxy's move is to treat Polymarket and Kalshi as new casinos for hedge funds, and increased liquidity may not necessarily be good for retail investors.
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MeNews
Galaxy Digital launches institutional OTC prediction market trading, with the first transaction completing a $10 million Kalshi order
ME News Message, June 2 (UTC+8), ME News Message, June 2 (UTC+8), Galaxy Digital launches an over-the-counter prediction market trading desk for hedge funds and family offices, with the first trade being a $10 million Clarity Act contract related to a deal reached with crypto hedge fund Arca on Kalshi. Galaxy acts as the principal market maker counterparty, providing bilateral positioning and larger-scale liquidity for Arca. This service currently covers non-sports event contracts on Kalshi and Polymarket, including markets in economics, politics, and geopolitics, and plans to expand to more platforms. Galaxy can also combine hedging prediction market positions with stocks and commodities, helping institutions manage multi-asset risk around a single event
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