Mike

Galaxy

Polymarket

would

Mike Novogratz’s Galaxy Digital Inc. is exploring a deeper move into the fast-growing world of prediction markets, with the crypto-focused financial services firm in discussions to become a liquidity provider on platforms Polymarket and Kalshi Inc., according to comments made by Novogratz and reporting from <a href="https://www.bloomberg.com/news/articles/2025-11-24/novogratz-s-galaxy-digital-experimenting-in-prediction-markets" rel="noopener noreferrer nofollow">Bloomberg</a>.
Novogratz said Galaxy Digital has already begun small-scale market-making experiments on prediction platforms and now plans to expand its footprint as demand accelerates among retail traders and traditional financial institutions.&nbsp;
By acting as a liquidity provider, Galaxy would serve as a market maker, placing regular bids and offers, to tighten spreads and improve trading depth across the exchanges.
Prediction markets, which allow users to trade contracts tied to real-world events such as elections, economic indicators, corporate outcomes, or global affairs, have seen a significant surge in attention over the past two years.&nbsp;
<a href="https://hash.media/hashdesk/prediction-markets-polymarket-and-kalshi-target-big-growth/" rel="noopener noreferrer nofollow">Polymarket</a>, which operates on blockchain rails, has become particularly popular during the U.S. election cycle, drawing tens of thousands of new users and notable increases in trading volume.&nbsp;
Kalshi, a CFTC-regulated prediction market, has also expanded its product range to economic and geopolitical contracts, attracting institutional curiosity.
Novogratz noted that Wall Street’s interest has grown as the platforms demonstrate improved transparency and price discovery during major news cycles.&nbsp;
“Prediction markets are proving their value as real-time sentiment indicators,” he said, adding that enhanced liquidity is key to supporting the sector’s maturation.
Galaxy Digital is not alone in eyeing the opportunity. Bloomberg also reports that Jump Trading has quietly begun making markets on Kalshi, signaling a broader institutional shift toward embracing event-driven trading infrastructure built on crypto-native or hybrid architecture.
For Galaxy, the move aligns with its broader strategy of providing crypto-market infrastructure and capturing new avenues of institutional engagement.&nbsp;
With prediction markets poised for continued growth, the entry of major liquidity providers could mark a turning point, transforming once-niche platforms into more sophisticated, mainstream trading venues.
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Galaxy Digital eyes liquidity role in prediction markets

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