Jump Trading to Acquire Stakes in Leading Prediction Market Firms in Exchange for Liquidity Provision

Bloomberg reported on the 9th that Chicago-based major quant trading firm Jump Trading has reached an agreement to acquire shares in prediction market platforms Kalshi and Polymarket. This transaction is not a conventional cash investment but rather an equity-for-liquidity deal, where shares are acquired in exchange for providing liquidity to both platforms. According to sources, Jump Trading will acquire a fixed amount of shares in Kalshi, while for Polymarket, the shareholding ratio will increase depending on the trading volume provided in the U.S. market. Both platforms...