Galaxy Digital Considers Providing Liquidity on Polymarket and Kalshi, Reports Bloomberg

According to a report by Bloomberg on the 24th, Mike Novogratz, CEO of cryptocurrency investment firm Galaxy Digital, revealed that discussions are ongoing to provide liquidity on the prediction market platforms Polymarket and Kalshi.

Prediction markets have seen a surge in trading demand for real-world events such as election outcomes, sports, and economic indicators in recent years, attracting not only individual investors but also significant interest from Wall Street. Galaxy Digital's entry could bring institutional-level liquidity to this emerging market.

In an interview, Mr. Novogratz stated that 'predictions...