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Galaxy Digital Explores Prediction Markets Through Talks with Polymarket and Kalshi

Galaxy Digital Explores Prediction Markets Through Talks with Polymarket and Kalshi

Published:
2025-11-25 09:46:02
27
2
BTCCSquare news:

Mike Novogratz's Galaxy Digital is making waves in the crypto industry with its potential entry into prediction markets. The firm has confirmed discussions with Polymarket and Kalshi about becoming a liquidity provider, signaling growing institutional interest in event-driven trading.

Polymarket operates as a decentralized, blockchain-based platform where users trade on future events using USDC on Polygon. Its simple "yes/no" share system contrasts with Kalshi's regulated, USD-settled contracts under CFTC oversight. While Polymarket remains inaccessible to U.S. users since 2022, Kalshi offers a traditional exchange experience with tax reporting.

Galaxy Digital's small-scale market-making experiments hint at strategic expansion into this niche. The MOVE reflects broader institutional curiosity about prediction markets as crypto and traditional finance converge.

|Square

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