Galaxy enters institutional prediction markets with $10 million Arca trade
Key takeaways
- The digital asset firm launched OTC prediction markets trading for institutions and completed a $10 million trade tied to U.S.
- Shares of the company are down 6% on Tuesday, in line with the broader crypto stock market.
- The launch comes as prediction markets have gained traction among investors seeking ways to express views on real-world events ranging from elections and central bank decisions to regulatory developments.
The digital asset firm launched OTC prediction markets trading for institutions and completed a $10 million trade tied to U.S. crypto legislation with hedge fund Arca.By Helene Braun, AI Boost|Edited by Nikhilesh De Jun 2, 2026, 7:17 p.m. 2 min read Make preferred on Jason Urban of Galaxy Digital (left) (Daniel Murray/Consensus)What to know: Galaxy Digital has launched an over-the-counter prediction markets trading service for institutional investors, offering large-scale access to event-driven contracts tied to political, economic and geopolitical outcomes.The new desk will initially focus on non-sports contracts listed on Kalshi and Polymarket and lets clients pair these positions with hedges across equities, commodities and other asset classes to build broader event-driven strategies, the company said.By acting as a principal counterparty and facilitating large trades such as a $10 million CLARITY Act wager with hedge fund Arca, Galaxy aims to deepen liquidity, attract professional investors and further institutionalize prediction markets despite ongoing regulatory uncertainty.Galaxy Digital (GLXY) said Tuesday it had launched over-the-counter (OTC) prediction markets trading for institutional investors, becoming one of the first major digital asset firms to offer large-scale access to event-driven markets through a bilateral trading framework.
The Nasdaq-listed company said that the new service, offered through its global markets trading desk, will allow hedge funds, family offices and other institutional investors to trade contracts tied to political, economic and geopolitical events while accessing liquidity and trade sizes typically unavailable through retail-focused prediction market platforms.
Shares of the company are down 6% on Tuesday, in line with the broader crypto stock market.