• Galaxy Digital enters the $9B prediction market, partnering with Polymarket and Kalshi.
• The company aims to improve market depth by providing liquidity on prediction platforms.
• Polymarket and Kalshi attract big names, including Google Finance and the NHL.

Galaxy Digital, led by Mike Novogratz, is diving into the $9 billion prediction market. The firm is currently in talks with Polymarket and Kalshi to provide liquidity and expand its investment strategy. According to Bloomberg, Novogratz confirmed that Galaxy has already started small-scale testing and plans to scale up if initial results show strong interest.

“We’re doing some small-scale experimenting with market-making on prediction markets, but I think you’ll eventually see us providing broader liquidity,” he said.

As a liquidity provider, the goal of Galaxy Digital is to enhance market depth. It will do this by placing consistent bids and offers on Polymarket and Kalshi. This strategy will reduce the spreads and make trading more efficient on both platforms. The move comes in line with Galaxy’s efforts to increase its visibility in the public markets.

Galaxy Digital’s Nasdaq Listing Boosts U.S. Market Presence

Galaxy digital has already taken huge leaps in the financial world. In May 2025, it completed the listing process on the Nasdaq with the ticker GLXY. This milestone opens a new chapter for the firm, extending the firm’s presence into the U.S. capital markets. The company’s foray into prediction markets is an indication of its drive to expand its reach.

Only a few companies on Wall Street have publicly made a foray into the prediction market space. Susquehanna International Group is one of the few institutional liquidity providers on Kalshi. Jump Trading has also begun trading more discreetly on the platform. These firms have seen the potential of the prediction market and are getting involved to a growing extent.

Also Read: Galaxy Digital Lands $460 Million to Accelerate Helios Data Center Expansion

Polymarket Secures $2B Investment, Fuels Market Growth

Polymarket and Kalshi lead the prediction market industry. Combined, they have a lifetime trading volume of $42.4 billion. Polymarket, initially leading the market, specializes in political event speculation. However, Kalshi has now gone past Polymarket in terms of monthly trading activity since September 2025.

The prediction market platforms are attracting big names. In addition to Galaxy Digital, Polymarket and Kalshi have partnered with Google Finance and the NHL. Recently, Polymarket received a $2 billion investment from Intercontinental Exchange. This funding has helped drive the valuation of the platform to $9 billion, indicating a high level of interest in the sector.

As political events persist in shaping the market, more players are joining the fray. Trump Media & Technology Group partnered with Crypto.com to launch “Truth Predict.” This collaboration illustrates the growing interest in prediction markets as the result of political speculation.

Also Read: Polymarket & PrizePicks Unite for Explosive Growth in 2025 Prediction Markets