The post Galaxy Digital is talking with Kalshi and Polymarket about becoming a liquidity provider appeared on BitcoinEthereumNews.com.

According to Bloomberg, Mike Novogratz’s Galaxy Digital is preparing to become a liquidity provider for Kalshi and Polymarket, two of the biggest names in the fast-expanding world of crypto-based prediction markets. These platforms let people place simple bets on real-world outcomes; like election results, sports scores, or even policy decisions. Now, Galaxy Digital is looking to plug directly into those bets by offering constant trade activity that keeps the wheels turning. Mike said the company is already “doing some small-scale experimenting with market-making on prediction markets,” and added that “you’ll eventually see us providing broader liquidity.” This would make Galaxy Digital a key player in a market that’s already seeing tons of involvement from retail traders and financial firms alike. And while Mike has spent years building Galaxy as a crypto infrastructure backbone for institutions, prediction markets open a new front in that strategy, one that’s raw, fast, and not yet fully regulated. Kalshi and Polymarket compete for bigger trade flows Unlike traditional sportsbooks, where the house always takes the opposite side, platforms like Kalshi and Polymarket match people directly. If you want to buy “yes” on a bet, someone else needs to sell you a “no.” This system needs liquidity providers to keep trades flowing, especially when demand surges. That’s why Kalshi and Polymarket rolled out incentive programs to reward active traders in specific markets. For years, these platforms were too small to attract serious Wall Street players. The only big name who jumped in early was Susquehanna International Group, which has publicly acknowledged its role on Kalshi. But the tides are turning. Jump Trading has begun market-making activity on Kalshi, according to Bloomberg, and Cliff Asness, co-founder of AQR Capital Management, said he’s thinking about moving into the sports betting arena. Kalshi also uses its own in-house desk…

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Filed under: News - @ November 25, 2025 6:21 am