Galaxy enters institutional prediction markets with $10 million Arca trade

Mike Novogratz’s Galaxy receives New York BitLicense for institutional crypto push
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(Daniel Murray/Consensus)
Jason Urban of Galaxy Digital (left) (Daniel Murray/Consensus)

What to know:

  • Galaxy Digital has introduced an over-the-counter prediction markets trading service for institutional investors, offering large-scale access to event-driven contracts tied to political, economic and geopolitical outcomes.
  • The new desk will initially focus on non-sports contracts listed on Kalshi and Polymarket and lets clients pair these positions with hedges across equities, commodities and other asset classes to build broader event-driven strategies, the company stated.
  • By acting as a principal counterparty and facilitating large trades such as a $10 million CLARITY Act wager with hedge fund Arca, Galaxy aims to deepen liquidity, attract professional investors and further institutionalize prediction markets despite ongoing regulatory uncertainty.
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