Galaxy Digital Invests in Prediction Markets for Institutional Liquidity

Institutional investors are increasingly showing interest in prediction markets, and Galaxy Digital is leading the charge. The firm is in discussions with Polymarket and Kalshi to provide liquidity to these platforms. This move echoes past institutional entry into the crypto market during 2017-2020. Prediction markets allow traders to wager on real-world events like elections and financial decisions, requiring substantial liquidity for every trade.