Galaxy Digital launches institutional OTC prediction market trading, with the first transaction completing a $10 million Kalshi order
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 Clarity Act contract with Arca on Kalshi. Galaxy acts as the principal market maker, providing two-way positioning and greater liquidity, covering non-sports event contracts on Kalshi and Polymarket, and plans to expand to more platforms; at the same time, it can integrate prediction market positions with stocks and commodities to manage multi-asset risk for a single event.