
Galaxy Digital CEO Mike Novogratz is exploring expanded liquidity support for Polymarket and Kalshi amid rising retail and institutional demand for event-based trading.
The assessment is based on multiple high-authority sources that directly and consistently support the statement. Two reports from highly credible financial news organizations, Bloomberg and its specialized division Bloomberg Law, explicitly state that Galaxy Digital is in discussions with both Polymarket and Kalshi to provide liquidity. A third article from a crypto-focused outlet corroborates this information, strengthening the claim. There is no contradictory evidence presented in any of the provided sources. The remaining sources are either irrelevant to the specific claim about Galaxy Digital or provide general market context that makes the statement more plausible (for example, by showing that other major trading firms are entering the same market as liquidity providers). The convergence of direct, unambiguous evidence from top-tier journalistic sources, with no conflicting information, leads to a high confidence level that the statement is true.
Galaxy Digital, led by CEO Mike Novogratz, is in discussions to provide liquidity to prediction market platforms Polymarket and Kalshi, according to Bloomberg. This move follows increased demand from both retail traders and Wall Street for trading contracts tied to real-world events. The firm is already testing smaller-scale market-making strategies and aims to expand liquidity provisioning to improve market efficiency and participation. Polymarket and Kalshi have reported a combined $42.4 billion in trading volume, reflecting rapid growth in the prediction market sector.