
Galaxy Digital CEO Mike Novogratz is exploring expanded liquidity support for Polymarket and Kalshi amid rising retail and institutional demand for event-based trading.
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.