
星球日报|Nov 25, 2025 05:01
[Galaxy Digital Exploring Partnerships with Polymarket and Kalshi, Aiming to Become a Liquidity Provider]
Odaily Planet Daily News – Galaxy Digital, led by Mike Novogratz, is in discussions to provide liquidity for prediction market platforms Polymarket and Kalshi. In an interview with Bloomberg, Novogratz stated that Galaxy Digital is currently conducting 'small-scale market-making experiments' in the prediction market space and added that the company plans to offer 'broader liquidity' on these platforms in the future.
This move signifies that the digital asset investment management company Galaxy Digital is expanding into the emerging field of prediction markets, which is increasingly being viewed as a new frontier combining information and finance. Prediction markets allow users to trade simple 'yes' or 'no' contracts, with contract prices reflecting the market's implied probability of a given outcome. Polymarket and Kalshi are two major platforms in this field, with a combined trading volume of approximately $42.4 billion.
Although the decentralized Polymarket initially dominated the market due to attention surrounding the U.S. election results, since September, the CFTC-regulated Kalshi has surpassed it in monthly trading volume. Bernstein analysts wrote in a client report earlier this month that prediction markets are 'evolving into broader information markets,' with demand expanding from politics and sports to areas such as economics, culture, corporate events, and financial indicators.
Meanwhile, other major players in the crypto and financial sectors are also seeking to enter this space through their own platforms. For example, Gemini and CME Group recently announced related plans.
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