Galaxy Digital Enters $9B Prediction Market Through Partnerships with Polymarket and Kalshi

Galaxy Digital, the crypto-focused financial services firm led by Mike Novogratz, is making strategic moves into the $9 billion prediction market. The company has initiated talks with leading prediction platforms Polymarket and Kalshi to serve as a liquidity provider, aiming to enhance market depth and trading efficiency.

The firm has begun small-scale testing of its liquidity provision strategy, with plans to scale operations based on market response. By placing consistent bids and offers, Galaxy Digital intends to tighten spreads and improve execution quality for traders on both platforms.

This expansion follows Galaxy Digital's successful Nasdaq listing under ticker GLXY in May 2025, which significantly boosted its U.S. market presence. The prediction market initiative represents another step in the company's broader strategy to diversify its market participation and visibility.

Polymarket and Kalshi have been attracting institutional interest, with notable participants including Google Finance and the NHL. Galaxy Digital's entry could further legitimize prediction markets as a viable asset class for institutional investors.