Hassan Maishera
TL;DR
-
Galaxy Digital is in talks to become the liquidity provider for Polymarket and Kalshi.
-
Polymarket and Kalshi are the two leading crypto prediction market platforms.
Galaxy Digital in Talks with Kalshi and Polymark
Digital assets company Galaxy Digital is currently in talks to provide liquidity for prediction market platforms Polymarket and Kalshi. This is according to a Bloomberg report on Monday.
Mike Novogratz, the CEO of Galaxy Digital, told Bloomberg in an interview that the company is currently doing "small-scale experimenting" with market-making on prediction markets. He added that the company has plans to provide broader liquidity on those platforms.
This latest development signals Galaxy Digital’s interest in the growing crypto predictions market. The cryptocurrency prediction market generated over $27.9 billion in trading volume between January and October 2025 and is projected to potentially reach $95.5 billion by 2035.
Prediction markets allow users to trade simple yes or no contracts, with contract prices reflecting the market-implied probability of a given outcome. Polymarket and Kalshi are currently the two leading platforms, recording a cumulative trading volume of $42.4 billion.
In addition to Galaxy Digital, other major players in the crypto and finance ecosystem are looking to enter the space. Gemini and CME Group have recently announced plans to explore the crypto predictions ecosystem.
