The post Galaxy Digital Explores Polymarket, Kalshi Partnerships as Liquidity Provider: Report appeared on BitcoinEthereumNews.com. Galaxy Digital explores market-making partnerships with Polymarket and Kalshi platforms. Novogratz confirms firm testing small-scale liquidity provision on prediction markets. Institutional traders enter prediction space as regulatory barriers decline over time. Galaxy Digital is exploring partnerships with prediction market platforms Polymarket and Kalshi to serve as a liquidity provider, according to a Bloomberg report. The firm’s CEO, Mike Novogratz, confirmed the company is testing market-making operations in the sector. Novogratz told media that Galaxy Digital is currently conducting small-scale experiments with market-making on prediction platforms. He added that the firm plans to eventually provide liquidity across these markets at a larger scale. Galaxy Tests Market-Making Infrastructure The investment management firm would step in to buy and sell prediction contracts, adding market depth similar to its operations on crypto exchanges. This approach could help reduce costs for users by tightening spreads and improving order execution. Prediction markets allow users to trade yes or no contracts, with prices showing the probability of specific outcomes. Polymarket and Kalshi have processed approximately $42.4 billion in combined trading volume across their platforms. Kalshi has surpassed Polymarket in monthly volume since September. The CFTC-regulated platform gained ground after Polymarket was ordered to withdraw from the U.S. market in 2022. However, Polymarket’s acquisition of QCEX earlier this year enabled its return to American users. Institutional Firms Enter Prediction Market Space The lack of arbitrage traders in prediction markets has created price gaps between platforms. Contracts for Kevin Hasset to become Federal Reserve Chair currently trade at $0.35 on Kalshi and $0.14 on Polymarket, according to recent data. Kalshi brought on Susquehanna as its first major institutional market maker in 2024. Bloomberg also reported that Jump Trading began providing liquidity for the platform earlier this month. These firms previously helped establish infrastructure for crypto market liquidity before 2016.… The post Galaxy Digital Explores Polymarket, Kalshi Partnerships as Liquidity Provider: Report appeared on BitcoinEthereumNews.com. Galaxy Digital explores market-making partnerships with Polymarket and Kalshi platforms. Novogratz confirms firm testing small-scale liquidity provision on prediction markets. Institutional traders enter prediction space as regulatory barriers decline over time. Galaxy Digital is exploring partnerships with prediction market platforms Polymarket and Kalshi to serve as a liquidity provider, according to a Bloomberg report. The firm’s CEO, Mike Novogratz, confirmed the company is testing market-making operations in the sector. Novogratz told media that Galaxy Digital is currently conducting small-scale experiments with market-making on prediction platforms. He added that the firm plans to eventually provide liquidity across these markets at a larger scale. Galaxy Tests Market-Making Infrastructure The investment management firm would step in to buy and sell prediction contracts, adding market depth similar to its operations on crypto exchanges. This approach could help reduce costs for users by tightening spreads and improving order execution. Prediction markets allow users to trade yes or no contracts, with prices showing the probability of specific outcomes. Polymarket and Kalshi have processed approximately $42.4 billion in combined trading volume across their platforms. Kalshi has surpassed Polymarket in monthly volume since September. The CFTC-regulated platform gained ground after Polymarket was ordered to withdraw from the U.S. market in 2022. However, Polymarket’s acquisition of QCEX earlier this year enabled its return to American users. Institutional Firms Enter Prediction Market Space The lack of arbitrage traders in prediction markets has created price gaps between platforms. Contracts for Kevin Hasset to become Federal Reserve Chair currently trade at $0.35 on Kalshi and $0.14 on Polymarket, according to recent data. Kalshi brought on Susquehanna as its first major institutional market maker in 2024. Bloomberg also reported that Jump Trading began providing liquidity for the platform earlier this month. These firms previously helped establish infrastructure for crypto market liquidity before 2016.…

Galaxy Digital Explores Polymarket, Kalshi Partnerships as Liquidity Provider: Report

3 min read
  • Galaxy Digital explores market-making partnerships with Polymarket and Kalshi platforms.
  • Novogratz confirms firm testing small-scale liquidity provision on prediction markets.
  • Institutional traders enter prediction space as regulatory barriers decline over time.

Galaxy Digital is exploring partnerships with prediction market platforms Polymarket and Kalshi to serve as a liquidity provider, according to a Bloomberg report. The firm’s CEO, Mike Novogratz, confirmed the company is testing market-making operations in the sector.

Novogratz told media that Galaxy Digital is currently conducting small-scale experiments with market-making on prediction platforms. He added that the firm plans to eventually provide liquidity across these markets at a larger scale.

Galaxy Tests Market-Making Infrastructure

The investment management firm would step in to buy and sell prediction contracts, adding market depth similar to its operations on crypto exchanges. This approach could help reduce costs for users by tightening spreads and improving order execution.

Prediction markets allow users to trade yes or no contracts, with prices showing the probability of specific outcomes. Polymarket and Kalshi have processed approximately $42.4 billion in combined trading volume across their platforms.

Kalshi has surpassed Polymarket in monthly volume since September. The CFTC-regulated platform gained ground after Polymarket was ordered to withdraw from the U.S. market in 2022. However, Polymarket’s acquisition of QCEX earlier this year enabled its return to American users.

Institutional Firms Enter Prediction Market Space

The lack of arbitrage traders in prediction markets has created price gaps between platforms. Contracts for Kevin Hasset to become Federal Reserve Chair currently trade at $0.35 on Kalshi and $0.14 on Polymarket, according to recent data.

Kalshi brought on Susquehanna as its first major institutional market maker in 2024. Bloomberg also reported that Jump Trading began providing liquidity for the platform earlier this month. These firms previously helped establish infrastructure for crypto market liquidity before 2016.

Both platforms have secured partnerships with high-profile organizations. Galaxy Digital, Google Finance and the U.S. National Hockey League chose to work with both Polymarket and Kalshi through separate agreements.

Kalshi founder Tarek Mansour stated that institutional market-making became viable after the platform received CFTC regulatory approval. Legal challenges from gambling enforcement agencies continue to face prediction markets, though courts appear likely to rule in favor of the platforms.

Related: Kalshi Raises $1 Billion, Boosting Its Valuation to $11 Billion

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/galaxy-digital-explores-polymarket-kalshi-partnerships-as-liquidity-provider-report/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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